{"id":403908,"date":"2021-03-09T11:19:08","date_gmt":"2021-03-09T05:49:08","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=403908"},"modified":"2021-03-09T11:19:08","modified_gmt":"2021-03-09T05:49:08","slug":"aban-seeks-shareholders-nod-to-sell-assets-to-slash-debt","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/aban-seeks-shareholders-nod-to-sell-assets-to-slash-debt\/","title":{"rendered":"Aban seeks shareholders\u2019 nod to sell assets to slash debt"},"content":{"rendered":"<p>Debt-ridden Aban Offshore is planning to sell some of its rigs and subsidiaries along with a floating production unit in a bid to repay the dues towards a clutch of banks and financial institutions.<\/p>\n<p>The Chennai-based offshore drilling contractor, which has been in a financial mess for quite some time, will seek shareholders\u2019 approval to divest the assets at an emergency general body meeting (EGM) on March 29. The company has identified jack-up rigs Aban V, Aban VI, Drill-ship Aban Ice and the floating production unit, Tahara, to be put on the block to raise funds.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Debt-ridden Aban Offshore is planning to sell some of its rigs and subsidiaries along with a floating production unit in a bid to repay the dues towards a clutch of banks and financial institutions. The Chennai-based offshore drilling contractor, which has been in a financial mess for quite some time, will seek shareholders\u2019 approval to divest the assets at an emergency general body meeting (EGM) on March 29. The company has identified jack-up rigs Aban V, Aban VI, Drill-ship Aban Ice and the floating production unit, Tahara, to be put on the block to raise funds.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,195,138],"tags":[],"class_list":["post-403908","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/403908","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=403908"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/403908\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=403908"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=403908"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=403908"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}