Aban Offshore extends date for completing sales of Rigs to Feb 28; Stock gains 2.5%

16 Feb 2022 , 12:11 PM

Aban Offshore Ltd has informed to the exchanges regarding sale of Rig Aban V, Aban VI, Aban VII and Drillship Aban Abraham.

As per regulatory filing, the company informed on January 13, 2021 the date of completion of sale of the mentioned Rigs as February 15, 2022. However, the transaction could not be completed.

Hence the date of completion of the transaction stands extended to February 28, 2022, said company on Tuesday.

Today, at around 12:10 PM, Aban Offshore was trading at Rs49.65 per piece higher by 2.48% on Sensex. Previously, the scrip ended at Rs48.45 per piece on the BSE market.