Aban Offshore has received its board’s approval to raise around $400 million through FCCBs, GDRs and another Rs 2,500 crore through QIB (qualified institutional buyers). The company has also got the nod to issue equity-related securities to qualified institutional buyers up to Rs 2,500 crore.
Aban Offshore is engaged in the business of providing offshore drilling and production services. The Company's operating segments include offshore oil drilling and production services, and wind power generation (Wind energy).
