Aban seeks bank debt fix

Mumbai-listed Aban Offshore has told its bankers to moderate or change its huge debt repayment schedule and terms, as the massive loan taken for an overseas acquisition becomes an albatross around its neck.

Indian driller in a fix: Aban seeks help for massive debt.
Indian driller in a fix: Aban seeks help for massive debt.
Published 5 June 2009, 03:02Updated 10 October 2016, 13:19
Asia & Oceania