Aban Offshore arms redeems $216 million outstanding bonds

Aban Offshore has informed the exchanges that Deep Drilling 7 Pte Ltd and Deep Drilling 8 Pte Ltd - wholly owned step-down subsidiaries - have redeemed $216 million outstanding bonds (worth ₹1,335 crore) issued by them along with accrued interest on the due date of March 5, 2015. The stock of Aban Offshore closed at ₹501.30 on the NSE, up 3.8 per cent over the previous day’s close.