Asian Oilfield Acquires Optimum Oil & Gas

Source Press Release
Company Asian Oilfield Services Limited 
Tags Oil Services, Corporate Deals, Deals
Date November 15, 2019

In accordance with Regulation 30 of SEBI (LODR) Regulations, 2015, we hereby inform you th;:it 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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