Asian Oilfield sells majority stake to raise funds for expansion and diversification

摘要

Asian Oilfield Services(AOSL),a leading player in conducting two dimension seismic survey for oil and gas companies in India,has sold majority of its equity to a Delhi-based company to raise funds for its future activities.Mr.Krishna Kant,Chairman,AOSL,informed that the Rs.3.38 crores raised through sale of majority stake to Consolidated Securities Ltd would be used mainly in developing existing business and diversifying into acquiring oil fields and entering in drilling business.