News Details

( 15 Nov 2019)
Asian Oilfield S - Announcement under Regulation 30 (LODR)-Acquisition

The Company has entered into a Share Purchase Agreement dated 15th November, 2019 for acquisition of 51% of Equity Share Capital of Optimum Oil & Gas Private Limited (hereinafter referred to as 'Optimum/JV Company') from its existing shareholder. The Company currently holds 23% of Equity Share Capital of Optimum. On completion of all closing formalities, Optimum will become a subsidiary of the Company with 74% holding. The details of the acquisition are enclosed herewith as Annexure A.

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