Aban Offshore

Aban Offshore to raise $100M via QIP, cut debt

20 July, 2012

Aban Offshore Ltd is looking at raising $100 million (around Rs 550 crore) through qualified institutional placement or QIP and is in the process of appointing bankers for the issue, five people with knowledge of company’s plans said. The company has been looking at cutting its debt pileup and will use the proceeds of the QIP to repay loans, these people said.“The company is now looking at an option of raising money through equity and it is in talks with bankers to do an institutional placement,” one of the investment bankers said.


Leave Your Comment
Pantaloon Retail To Raise Rs 1,000 Crore Through QIP

Pantaloon Retail To Raise Rs 1,000 Crore Through QIP

Ruchika Sharma 8 years ago
Kishore Biyani’s Pantaloon Retail is the latest to join the QIP bandwagon. The company plans to raise Rs 1000 crore through a QIP (Qualified Institutional...
QIP Roundup: 9 Companies Plan to Raise Rs 7670 Crore

QIP Roundup: 9 Companies Plan to Raise Rs 7670 Crore

Ruchika Sharma 8 years ago
Shree Renuka Sugars QIP Almost Complete – Narendra Murkumbi, MD, Shree Renuka Sugars has said that the company has almost completed its qualified institutional placement...
News Roundup: Armed with RBI nod, Azim Premji to invest in tech companies in China, US

News Roundup: Armed with RBI nod, Azim Premji to invest in tech companies in China, US

TEAM VCC 1 year ago
Premji Invest, the eponymous family office of Wipro founder Azim Premji, will now invest directly in technology companies in the United States and China after...
No Comments

Aban Offshore to raise $100M via QIP, cut debt

Powered by WordPress.com VIP