Aban

Quarter 3

Year :

2005-2006

2005-06 Quarter 3 announcements

26/12/2005:-

  • M/s. Aban Singapore Pte. Ltd, a Wholly owned Subsidiary of Aban Loyd Chiles Offshore Ltd. has entered into an agreement with a shipyard in Singapore for constructing a 375feet self elevating offshore jackup drilling rig

06/12/2005:-

  • ICICI Bank has withdrawn the Nomination of Mr S Srinivasan as Director from our Board effective 24th November 2005

28/11/2005:-

  • The Board of Directors have approved the issue of Debentures Optionally convertible into cumulative redeemable preference shares up to Rs.165 Crores on private placement basis

28/11/2005:-

  • Fitch Ratings India Private Limited (FITCH RATINGS) has assigned a rating of A+(ind) [ A Plus (ind)] for the proposed Rs.1650 Million Long Term Debenture Programme (Optionally converible into cumulative redeemable preference shares) of the Company

19/11/2005:-

  • The Company has incorporated a wholly owned Subsidiary Company named “ABAN SINGAPORE PTE LTD” at Singapore on 18th November 2005

03/10/2005:-

  • The Company has signed a contract with Hindustan Oil Exploration Ltd for drilling, utilizing the Rig Aban VII