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Offshore drilling contractor Aban Offshore Ltd today said two of its subsidiaries have redeemed bonds worth Rs 1,335 crore issued by them.
In a filing to the BSE, Aban Offshore Ltd said Deep Drilling 7 Pte Ltd and Deep Drilling 8 Pte Ltd, its wholly owned step-down subsidiaries, have redeemed “the outstanding bonds issued by them having an aggregate principal amount of $216 million (equivalent to Rs 1,335 crore) along with accrued interest on the due date of March 5, 2015.”
The company had posted a standalone net profit of Rs 56.71 crore for the quarter ended December 31, 2014 whereas its total income stood at Rs 184.05 crore.
Shares of the company were trading at Rs 517 apiece, up 7.60 per cent from its previous close on the BSE.
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