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Aban Offshore is currently trading at Rs. 73.80, up by 0.50 points or 0.68% from its previous closing of Rs. 73.30 on the BSE.
The scrip opened at Rs. 73.75 and has touched a high and low of Rs. 75.90 and Rs. 71.90 respectively. So far 124829 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 280.40 on 11-Jan-2018 and a 52 week low of Rs. 71.90 on 09-Oct-2018.
Last one week high and low of the scrip stood at Rs. 84.90 and Rs. 71.90 respectively. The current market cap of the company is Rs. 434.53 crore.
The promoters holding in the company stood at 46.00%, while Institutions and Non-Institutions held 4.90% and 49.11% respectively.
Aban Offshore’s wholly owned step-down subsidiary has entered into a conditional sale and purchase agreement to acquire 100% interest in a United Kingdom (UK) Continental Shelf Production License comprising of 100% interest in two blocks in UK North Sea, for a non-cash consideration of $75 million. The consideration shall be set-off against amounts due from certain customers to another wholly owned step-down subsidiary of the company for drilling services provided.
The wholly owned step-down subsidiary has also entered into a conditional sale and purchase agreement to sell a 50% interest in blocks immediately upon completion of the acquisition, for a cash consideration of $37.5 million to an unrelated party. Both the acquisition and sale are subject to customary closing conditions including the written consent of the UK Oil and Gas Authority.
Upon completion of the transactions, the wholly owned step-down subsidiary of the company and the counterparty purchasing 50% stake from the wholly owned stepdown subsidiary, will each own 50% interest in the block, while the counterparty purchasing 50% stake will be the operator.
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 | 280.10 |
| Oil India | 614.55 |
| Jindal Drilling&Inds | 797.45 |
| Hind Oil Exploration | 201.25 |
| Deep Industries | 293.30 |
| View more.. | |
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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