India Info shareholders clear Bennett Coleman, DSP Merrill investment
Mumbai: India Infoline Ltd has received shareholder approval for the proposed investment of Rs80 crore by DSP Merrill Lynch Capital Ltd and another Rs20 crore by Bennett Coleman & Company Ltd (BCCL).

At the extraordinary general meeting of the company held on Wednesday, the company also received the shareholders approval for Rs44.20 crore investment by promoters and directors by subscribing to 2.6 million warrants at an exercise price of Rs170 per equity share, which is about 20 per cent higher than the price arrived at by considering the relevant date as per the SEBI guidelines, a company release said.

The EGM also decided to increase the authorised capital of the company from Rs60 crore to Rs80 crore.
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Deccan Aviation files for IPO
Mumbai: Deccan Aviation Ltd on Friday said it has filed the draft red herring prospectus with SEBI for its initial public offering.

The company is entering the capital market with an issue of 2.45 crore shares of Rs10 each through book-building process.
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