News about Deccan Aviation Limited
April 19th, 2007
NSE Press Release
The media had reports that potential investors have been carrying out a due diligence for a stake in Deccan Aviation Limited and Reliance-ADAG group has bid for 26% stake in the company.
The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.
Deccan Aviation Limited has vide its letter inter-alia stated,”The Company has mandated an Investment Banker - Edelweiss Capital for raising US $50- US $100 million for funding growth plans. Several Investors have evinced interest. The Company along with the said Investment Banker are evaluating multiple options with the objective of building robust infrastructure and maximizing shareholders value. Any such Investment in the Company is subject to approval of the shareholders of the Company and applicable Regulatory approvals.”
Entry Filed under: Equity Markets, NSE
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