Malaysia based Eversendai Corporation Bhd announced to undertake the proposed acquisition of 100% equity interest in Vahana Offshore (M) Sdn Bhd (Vahana) and its subsidiaries for a purchase consideration price of RM235 million (approx. U$ 55 million).
Currently, Vahana owns 2 liftboats, namely Vahana Aryan and Vahana Arjun and both are large liftboats equipped with the latest specifications and technology. Vahana has secured a long-term time charter contract for Vahana Aryan with Zamil Offshore for Saudi Aramco and has also secured a similar contract with Zamil Offshore for Vahana Arjun. Vahana Arjun is currently under construction and is targeted to be completed by end June 2021.