Aban Offshore Ltd
NSE:ABAN
During the last 3 months Aban Offshore Ltd insiders have not bought any shares, and have not sold any shares. The stock price has dropped by 41% over this period (open performance analysis).
The last transaction was made on
Jul 19, 2017
by
Shema Renny Abraham
(Wholetime Director)
, who
sold
3.7m INR
worth of ABAN shares.
During the last 3 months Aban Offshore Ltd insiders have not bought any shares, and have not sold any shares. The stock price has dropped by 41% over this period (open performance analysis).
The last transaction was made on
Jul 19, 2017
by
Shema Renny Abraham
(Wholetime Director)
, who
sold
3.7m INR
worth of ABAN shares.
Aban Offshore Ltd
Glance View
Aban Offshore Ltd. engages in the provision of offshore drilling and production services to companies engaged in exploration, development, and production of oil and gas both in domestic and international markets. The company is headquartered in Chennai, Tamil Nadu and currently employs 676 full-time employees. The firm is also engaged in the ownership and operation of wind turbines for generation of wind power in India. The firm is engaged primarily in the business of offshore drilling services. The firm offers a range of offshore drilling services to clients in India and abroad, including exploratory services, drilling services, production of hydrocarbons, and manning and management. The firm and its subsidiaries produce about 70 megawatts of wind energy annually. Its wind farms are located at Radhapuram, Pazhavoor and Kavalkinaru in Tirunelveli District of South Tamil Nadu, India. Its subsidiary, Aban Energies Limited (AEL), operates and maintain KVS-33 model, 410 KW capacity wind turbines.
What is Insider Trading?
Insider trading refers to the buying or selling of a company’s stock by individuals with access to non-public, material information about the company.
While legal insider trading occurs when insiders follow disclosure rules, illegal insider trading involves trading based on confidential information and is prohibited by law.
Why is Insider Trading Important?
It isn't a coincidence that corporate executives seem to always buy at the right times. After all, they have access to every bit of company information you could ever want.
However, the fact that company executives have unique insights doesn't mean that individual investors are always left in the dark. Insider trading data is out there for all who want to use it.
Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.
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