Delhi posted 224-4 courtesy of a 113-run stand between Pant (88) and fellow left-hander Axar Patel, who hit 66
Imperial said in a statement on Tuesday it was in talks on a 1,250 pence per share cash offer -- less than the 1,290 approach which it had said last month it was discussing with an unnamed bidder, which sources close to the matter identified as ONGC, the overseas arm of state-owned ONGC.
Nonetheless, analysts welcomed the statement.
"This is a good price, given consideration for the current softening in oil prices, the turbulence on global stock markets and the geopolitical stage," analysts at brokerage Daniel Steward said in a research note.
Imperial shares traded down 1.7 percent at 1,219 pence by 0744 GMT, underperforming a 1.3 percent fall in the DJ Stoxx European oil and gas sector index.
The British company said a further announcement on the matter was expected later on Tuesday.
Imperial shares have risen sharply in recent weeks as investors hoped a bid battle would develop after the company said earlier this month it had received a second approach from an unnamed party.
Sources close to the matter identified this party as Chinese state-controlled Sinopec, while news reports and market rumours also said bids could come from Korean and Kazakh companies.
However, investors also feared that a deal might not come at all, as Indian oil companies have in the past failed to table firm bids for companies and assets they have appraised.
Also, Russia has become an increasingly difficult place in which to do oil deals as the Kremlin has increased its control over the oil industry.
However sources close to the parties said on Tuesday ONGC had received a green light from the Indian and Russian governments to buy Imperial.
The sources said the drop in the price which ONGC was prepared to bid reflected the fall in the oil price to around $114/barrel from a July 11 peak above $147/barrel.
Delhi posted 224-4 courtesy of a 113-run stand between Pant (88) and fellow left-hander Axar Patel, who hit 66
The move is seen as part of Ukraine's efforts to reinforce its army as soldiers struggle to hold positions against Russia
The Jamaican currently holds world records in the 100m, 200m and 4x100m with times of 9.58s, 19.19s and 36.84s respectively
Total property income posted year-on-year growth of 10% to $74m, highest value ever
All official donation channels however remain open through the outlets announced by government agencies
The Starlight Park is a four-building freehold community in Meydan
The 22-time major champion admits his farewell tour hasn't been as enjoyable as he would have hoped
Eating out, poor hand hygiene and erratic weather may be among causes, say medics