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Aban Offshore to acquire 49% stake in Aban Drilling Services

19 Dec 2016 Evaluate

Aban Offshore has decided to acquire 49% stake in the equity share capital of Aban Drilling Services. The Committee of Directors at its meeting held on December 16, 2016, has approved for the same. This acquisition is been undertaken to explore opportunity in deep water drilling. The acquisition will be completed on or before December 31, 2016.

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). It is also engaged in the ownership and operation of wind turbines for generation of wind power in India.


Aban Offshore Share Price

20.07 0.00 (0.00%)
13-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
ONGC 283.95
Oil India 470.10
Jindal Drilling&Inds 540.15
Deep Industries 476.90
Asian Energy Service 306.05
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