The Board of Directors has approved the plan to raise additional long-term resources through the issue of FCCBs, GDRs, ADRs, etc., not exceeding the amount equivalent to $400 million.
Aban Offshore is planning to raise around $400 mn through FCCBs, GDRs and another Rs. 2,500 crore through QIB (qualified institutional buyers).
The Board of Directors has approved the plan to raise additional long-term resources through the issue of FCCBs, GDRs, ADRs, etc., not exceeding the amount equivalent to $400 million.
The Board of Directors has approved the plan to raise additional long-term resources through the issue of FCCBs, GDRs, ADRs, etc., not exceeding the amount equivalent to $400 million.
The company has also received to issue equity-related securities to qualified institutional buyers up to Rs. 2,500 crore.
The board has also re-appointed P Venkateswaran as Deputy Managing Director of the Company for a further period of five years from August 01, 2016 to July 31, 2021
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