Aban Offshore has received an approval for raising of long term funds through issue of equity related securities to Qualified Institutional Buyers under the QIP route, subject to approval of members. The board at its meeting held on November 01, 2012 has approved for the same.
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.
