Aban Offshore receives possession notice from Punjab National Bank

The current market cap of the company is Rs258.85cr.

Jul 09, 2021 09:07 IST India Infoline News Service

Aban Offshore Limited has informed that the Company has received possession notice for the company's assets under section 13(12) of the SARFAESI Act, 2002 on 8th July 2021 from Punjab National Bank, Chennai for the recovery of loan borrowed by the Company.

The scrip opened at Rs43.20 per piece and the current market cap of the company is Rs258.85cr.

At around 9:30 AM, Aban Offshore was trading at Rs43.25 per piece down by Rs1.1 or 2.48%.

Previously, the scrip was closed at Rs44.35 per piece on the BSE.

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