Deloitte, while formulating the debt resolution plan, will take into consideration the one-time settlement that Aban Offshore has offered to its lenders
2 min read25 Sep 2018In other news, Tata Housing, Lodha Group bid for Jaypee Infratech
1 min read8 Jan 2018Aban Offshore, among the 28 companies in RBI's second defaulter list sent to the NCLT, collectively owes nearly $2 billion to these 17 banks
2 min read8 Jan 2018The firm is facing challenges under prevailing market conditions to raise fresh equity and debt, plug revenue backlogs, bag new contracts, and refinance the payment of bonds
1 min read23 Oct 2015Cairn India gained 7.8% to Rs150.50, Gail India rose 3.9% to Rs291.85 and Oil India jumped 3.1% to Rs469.70
1 min read28 Aug 2015Falling oil prices, slowdown in major economies in Europe and China have raised concerns on utilization rates and per day hire charges of drilling rigs
2 min read24 Mar 2015Aban has received two orders from ONGC worth $182.66 million for deployment of two offshore drilling rigs
1 min read10 Oct 2014The firm's shares up 9.8% at `940, their highest level since 14 May 2010
1 min read8 Jul 2014Axis Capital is the lead manager to the Aban issue, according to sources
1 min read27 Jun 2014Aban's stock has been sizzling since it posted a strong operating performance in Sep quarter
1 min read25 Nov 2013The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared