Amarchand Khaitan and 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.

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Pickles & Lota: 8 July 2014
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