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Aban Offshore to raise long term funds through QIP route

02 Nov 2012 Evaluate

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.

Peers
Company Name CMP
ONGC 224.90
Oil India 443.80
Jindal Drilling&Inds 571.45
Deep Industries 745.50
Asian Energy Service 455.10
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