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Money News

Aban Offshore raises $150 mln - sources

MUMBAI (Reuters) - Drilling contractor Aban Offshore 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 was the sole arranger of the deal, said the sources, who spoke on condition of anonymity.

Reporting by Narayanan Somasundaram; Editing by John Mair

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