Aban Offshore Recommends Dividend Of Equity Shares - July 31, 2009

The board of Aban Offshore has recommended dividend at the rate of 180 % on the entire paid up equity share capital (including partly paid equity shares) of the Company (that is Rs 3.60 per equity share for the fully paid equity shares and Rs 1.80 per equity share for partly paid equity shares), dividend at the rate of 8% p.a., at the rate of 9% p.a. and at the rate of 9.25% (prorata) respectively on the non-convertible cumulative redeemable preference equity share capital of the company for the year/period ended 31 March 2009.

This was recommended at the board meeting held on 31 July 2009.