Mumbai, July 22 -- The company said the vessel is expected to be delivered on or around 31 August 2026.

The transaction is a related-party transaction as HAL Offshore is Seamec's holding company. However, Seamec said the acquisition has been undertaken at arm's length and in the ordinary course of business.

The purchase consideration for the vessel has been fixed at $70 million, as per the MoA dated July 21, 2026.

The company clarified that there are no special rights, shareholding arrangements, board nomination rights, or other material terms associated with the agreement beyond the acquisition of the vessel.

SEAMEC for providing support services including marine, construction and diving services to offshore oilfields and bulk carrie...