Announced Fri, 17 Jul · 16:03 IST
Aban Offshore: Rs.281 cr preference shares unredeemed since 2014
Compliance View source PDF
ABAN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+5.2%1-day move
₹14.50
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+5.2+3.2+2.8+3.4+3.4—————
Up moveDown movePending
AI summary
Aban Offshore, under Corporate Insolvency Resolution Process (CIRP), told BSE that Rs.281 crore Non-Convertible Redeemable Preference shares (Rs.20 crore unlisted) remain unredeemed since 2014 and are under suspension. Filed under SEBI LODR Regulation 57(5) by Resolution Professional Shailesh Desai.
Likely market impact
Negative for preference shareholders - no redemption since 2014. Company is in insolvency, signaling serious financial distress.