India's Aban Offshore raises $150 mln-sources

MUMBAI, Nov 16 (Reuters) - Indian drilling contractor Aban Offshore (ABAN.BO) has raised $150 million by selling new shares to institutions at 1,224.30 rupees ($26.6) each, two sources with direct knowledge of the deal said.

Citigroup (C.N) was the sole arranger of the deal, said the sources, who spoke on condition of anonymity. ($1=46 rupees) (Reporting by Narayanan Somasundaram; Editing by John Mair)