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NEW DELHI: Aban Offshore on Friday said that its committee of directors have approved the allotment of 56.97 lakh shares, worth Rs 697.50 crore to qualified institutional buyers.

The committee of directors at their meeting held today has approved the allotment of 56.97 lakh shares at Rs 1,224.30 a piece, aggregating to Rs 697.50 crore, Aban Offshore said in a filing to the Bombay Stock Exchange.

Shares of Aban Offshore today closed at Rs 1,372.40 on the BSE, up 1.79 per cent from its previous close. - PTI

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