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Cholamandalam Investment acquires 6.89% stake in Aban Offshore

04 Jul 2012 Evaluate

Cholamandalam Investment and Finance Company (CIFCL) has acquired 30,00,000 shares constituting 6.89% stake of Aban Offshore. Pursuant to this acquisition, CIFCL holds a total of 45,92,650 shares constituting 10.55% stake in the company.

Prior to this acquisition, CIFCL held 15,92,650 equity shares constituting 3.66% stake in the company.

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.

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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