Aban Offshore allots 54907 Equity Shares pursuant to conversion of FCCBs

Aban Offshore Ltd has announced that the Company has received Notice for conversion of Bonds of an amount aggregating to JPY 400,000,000 (40 Foreign Currency Convertible Bonds of face Value of JPY 10,000,000/- each). Accordingly as per the terms of Offering Circular dated March 31, 2006, the Company on October 22, 2007 allotted 54907 Equity Shares of Rs 2/- each fully paid.

Source : Equity Bulls

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