United Breweries makes open offer for Deccan Aviation, at Rs155 per share
21 Jun 2007
Mumbai:
United Breweries (Holdings) Ltd is making an open
offer for 20 per cent equity in Deccan Aviation Ltd,
at a price of Rs155 per share, which is the price it
paid for the 26 per cent stake it picked up in the company
last month.
Meanwhile, Deccan Aviation shares closed at Rs133.45 on Wednesday, as against the previous day''s close of Rs132.95.
The
offer will open on July 25 and close on August 13, and
is being managed by Edelweiss Capital Ltd.
The
Kingfisher-Air Deccan group currently has a fleet of
71 aircraft, including 41 Airbus aircraft and 30 ATR
aircraft. The group offers a maximum number of 537 daily
flights, connecting 69 cities.