At its board meeting yesterday, Deccan Aviation approved a preferential allotment to the UB group at a price of Rs165 per share. The proposed pricing is in accordance with SEBI guidelines on preferential allotments. This is the second private sector aviation deal in India following the revival of the on-again off-again takeover by Jet Airways of Air Sahara in April.
In the latest deal, the UB group will pay Rs1.5 billion in advance to Deccan, with the balance...
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