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Aban Offshore gets nod to raise around $400 million

24 May 2016 Evaluate

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).

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
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