Aban likely to launch up to $150 million share sale on Friday: Sources

Tags: News
Aban Offshore Ltd, an offshore drilling rig services company, is likely to launch a share sale to raise as much as $150 million on Friday, two people directly involved in the deal said.

Aban's board had on May 28 approved share offering worth up to 25 billion rupees to institutional investors.

An Aban Offshore spokesman was not immediately available for comment.

Axis Capital is the lead manager to the Aban issue, said the sources, who declined to be named as the details of the deal is not public yet.

EDITORIAL OF THE DAY

  • There is no reason why SEBs be burdened with unviable power assets

    It is indeed unfair that state power agencies be burdened with unviable power assets of Tatas, Essar, Reliance, Adani and other major power generators

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

Freedom Files : THE LAST SHEPHERD

The deep sense of foreboding was still to set in, ...

Rajgopal Nidamboor

Think outside the box

Creativity is the proviso of being resourceful. It connotes something ...

Kuruvilla Pandikattu

Tech is but a tool, digital era or not

Does our digital world make us make happier? We ...