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Mumbai, Dec. 28

Drilling and seismic services provider to oil firms Asian Oilfield Services today said it will issue up to 15 lakh shares and 7.5 lakh convertible warrants to Samara Capital Partners Fund I Ltd. The company will also issue 4.5 lakh convertible warrants to three other non-promoters. In a communique to the BSE, Asian Oilfield said its member have authorised the board to issue up to 15 lakh shares and up to 12 lakh convertible warrants, convertible within 18 months of allotme nt into a fully paid-up equity share of Rs 190. The board has also been authorised to increase the authorised share capital to Rs 17 crore divided into 1.70 crore shares of Rs 10 each. Shares of the company closed at Rs 317.60 each, up 4.99 per cent on BSE.

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