The announcement was made after market hours on Monday, 3 December 2012.
Meanwhile, the BSE Sensex was up 14.20 points, or 0.07%, to 19,319.52.
On BSE, 42,000 shares were traded in the counter as against an average daily volume of 1.62 lakh shares in the past one quarter.
The stock hit a high of Rs 399.90 and a low of Rs 394 so far during the day. The stock had hit a 52-week high of Rs 571.50 on 17 February 2012. The stock had hit a 52-week low of Rs 320 on 4 June 2012.
The stock had underperformed the market over the past one month till 3 December 2012, falling 10.77% compared with the Sensex's 2.93% rise. The scrip had also underperformed the market in past one quarter, falling 0.06% as against Sensex's 11.05% rise.
The small-cap company has an equity capital of Rs 8.70 crore. Face value per share is Rs 2.
The board of Aban Offshore, at its meeting held on 1 November 2012, had
approved raising long term funds through qualified institutional placement (QIP). Later the company sought shareholders' approval for the same through the postal ballot process, in which the company received requisite majority.
Aban Offshore's consolidated net profit fell 37.9% to Rs 49.24 crore on 25.1% growth in net sales to Rs 954.05 crore in Q2 September 2012 over Q2 September 2011.
Aban Offshore is India's largest offshore drilling contractor in the private sector, offering world-class drilling and oil field services for offshore exploration and production of hydrocarbons to the oil industry in India and abroad.
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