Amarchand, Khaitan, DLA Piper on Aban Offshores 1000 crore QIP

Amarchand, Khaitan, DLA Piper on Aban Offshores 1000 crore QIP

India’s largest offshore drilling company, Aban Offshore, is concluding a Qualified Institutional Placement today. The company is planning to raise a maximum of Rs. 1,000 crore ($216 million) through the QIP. The funds raised through the issue will be used to repay Aban’s debt, which currently stands at about $410 million (Rs. 1,896 crore) and is due by December this year.

Want to read the full story?

We’re glad you’re enjoying this story. Subscribe to any of our plans to continue reading the story.

Already have an account? Sign In

Related Stories

No stories found.
logo
Bar and Bench - Indian Legal news
www.barandbench.com