Deccan Aviation plans IPO.(initial public offering)(Brief Article)

From: Airline Industry Information | Date: January 30, 2006 | Copyright information

AIRLINE INDUSTRY INFORMATION-(C)1997-2006 M2 COMMUNICATIONS LTD

India's Deccan Aviation Ltd, the parent of budget airline Air Deccan, is planning an initial public offering (IPO).

The company has said that it hopes to carry out a public offering of its shares by March, subject to regulatory approval. Deccan Aviation has reportedly filed papers with the Securities and Exchange Board of India for selling almost 24.55m equity shares through a bidding process.

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