Aban Offshore allots 60397 Equity Shares pursuant to conversion of FCCBs

Aban Offshore Ltd has announced that the Company has received Notices for conversion of Bonds of an amount aggregating to JPY 440,000,000 (44 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 December 03, 2007 allotted 60,397 Equity Shares of Rs 2/- each fully paid.

Source : Equity Bulls

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