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Aban Offshore informs about outcome of board meeting

14 Apr 2022 Evaluate

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Aban Offshore has informed that the Board at their meeting held on 23rd March, 2022 had approved the sale of Rigs Deep Driller 2, Deep Driller 4, Deep Driller 5 and Deep Driller 6 owned by its step down subsidiaries Deep Drilling 2 Pte Ltd, Deep Drilling 4 Pte Ltd, Deep Drilling 5 Pte Ltd and Deep Drilling 6 Pte Ltd respectively subject to the approval of Shareholders which is being sought through Postal Ballot. The Sale and Purchase Agreement between the parties were entered into yesterday. The details are attached.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
ONGC 235.90
Oil India 467.10
Jindal Drilling&Inds 588.80
Deep Industries 762.85
Asian Energy Service 489.30
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