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.
Company Name | CMP |
---|---|
ONGC | 285.15 |
Oil India | 669.75 |
Jindal Drilling&Inds | 627.75 |
Hind Oil Exploration | 192.55 |
Deep Industries | 284.20 |
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