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Shares of Asian Oilfield Services are locked in lower circuit of 20% at Rs 134 per share, also their 52-week low on the BSE, after the company said that its unit Asian Oilfield & Energy Services DMCC allegedly got termination notice from Koral Energy International.
“The Company's subsidiary Asian Oilfield & Energy Services DMCC (ADMCC) has received an alleged termination notice from Koral Energy International pertaining to the service contract for O&M, dated 17th February, 2017,” Asian Oilfield Services said in a regulatory filing.
The alleged termination notice is not in accordance with the terms and conditions of
“The Company's subsidiary Asian Oilfield & Energy Services DMCC (ADMCC) has received an alleged termination notice from Koral Energy International pertaining to the service contract for O&M, dated 17th February, 2017,” Asian Oilfield Services said in a regulatory filing.
The alleged termination notice is not in accordance with the terms and conditions of
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