To sell four rigs and one directional drilling equipment
Shiv-Vani Oil & Gas Exploration Services announced that Debt Recovery Tribunal has directed sale of four rigs and one directional drilling equipment by Order dated 22 April 2015. It may be noted that the said rigs were exclusively hypothecated with ICICI Bank and the concerned loan of US $ 17.6 million will stand repaid to ICICI Bank with the sale of said assets.Powered by Capital Market - Live News
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