Aban Offshore Ltd has informed that the Board of Directors of the Company at its meeting held on March 08, 2008 had considered the proposal to raise funds by issue of Non-Convertible Cumulative Redeemable Preference Shares upto Rs 194 crores, in one or more tranches, on private placement basis. A committee was formed for this purpose to consider the proposal and do the necessary acts as may be required in this regard.
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