Aban Offshore subsidiaries redeem bonds worth Rs 1,335 cr

Image
Press Trust of India New Delhi
Last Updated : Mar 05 2015 | 11:42 AM IST
Offshore drilling contractor Aban Offshore Ltd today said two of its subsidiaries have redeemed bonds worth Rs 1,335 crore issued by them.
In a filing to the BSE, Aban Offshore Ltd said Deep Drilling 7 Pte Ltd and Deep Drilling 8 Pte Ltd, its wholly owned step-down subsidiaries, have redeemed "the outstanding bonds issued by them having an aggregate principal amount of USD 216 million [equivalent to Rs 1,335 crore] along with accrued interest on the due date of March 5, 2015."
The company had posted a standalone net profit of Rs 56.71 crore for the quarter ended December 31, 2014 whereas its total income stood at Rs 184.05 crore.
Shares of the company were trading at Rs 517 apiece, up 7.60 per cent from its previous close on the BSE.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 05 2015 | 11:42 AM IST

Next Story