United Breweries makes open offer for Deccan Aviation, at Rs155 per share

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.