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This is an archive article published on May 25, 2010

Aban Offshore to raise 400 mn

Aban Offshore is set to hit the markets to soak up some much-needed funds.

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Aban Offshore Ltd said on Tuesday its board has approved raising up to 400 million through foreign currency convertible bonds,global depository receipts or American depository receipts.

It also plans to raise up to 25 billion rupees by selling shares to qualified institutional buyers.

 

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