MoneyWorks4Me

Aban Offshore to raise $400 million via FCCBs, GDRs routes

29 May 2014 Evaluate

Aban Offshore has received its board’s approval to raise $400 million through FCCBs, GDRs and other routes. The company’s board also gave nod to raise upto Rs 2,500 crore by issue of equity related securities to qualified institutional buyers.

Aban Offshore (formerly Aban Loyd Chiles Offshore) is India’s largest offshore drilling services provider to oil companies, mainly for ONGC. It is a company which provides oil field services for offshore exploration and production of hydrocarbons to the oil industry in India and abroad.

 

Peers
Company Name CMP
ONGC 224.90
Oil India 443.80
Jindal Drilling&Inds 571.45
Deep Industries 745.50
Asian Energy Service 455.10
View more..