India's Aban Loyd to sell up to Rs. 1.65 billion debentures

New York, Nov. 29 - Aban Loyd Chiles Offshore Ltd. said its board of directors has approved the issuance of up to Rs. 1.65 billion of debentures optionally convertible into cumulative redeemable preference shares.

The debentures will be sold as a private placement.

Aban Loyd is a Chennai, India, offshore oilfield services company.

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