Air Deccan offers 26 percent stake to Mallya

By IANS

Bangalore : Private domestic carrier Air Deccan Thursday offered 26 percent equity stake to Vijay Mallya's United Breweries (Holdings) Ltd, promoter of its bigger rival Kingfisher Airlines.


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Air Deccan will make a preferential offer of 35,222,231 shares at a price of Rs.155 per share, company officials said here.

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