Following the board's approval, Aban Offshore on Wednesday, 13 April 2022, entered into an agreement with ADES Saudi to sell four rigs namely, "Deep Driller 2", "Deep Driller 4", "Deep Driller 5" and "Deep Driller 6".
The sale is expected to complete by 31 May 2022 and is subject to the approval of shareholders which is being sought through postal ballot process.
The voting result will be disclosed on 26 April 2022.
Source: Business Standard
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