UB Group''s open offer for Air Deccan opens on 12 September
12 Sep 2007
The UB Group''s open offer to Deccan Aviation shareholders will open on 12 September, nearly seven weeks after 25 July, the date originally scheduled. The revised completion schedule for the open offer has been filed with the Securities and Exchange Board of India (SEBI).
The offer will commence on 12 September and close on 1 October. The payment for the quantum of shares accepted will be communicated by mid-October.
The
UB Group''s open offer had hit a roadblock after the acquirers (UB Group) failed
to furnish a declaration that it had made firm financial arrangements for funding
the open offer.