Mallya joins Deccan board as Vice Chairman

Mumbai: Deccan Aviation Ltd, which runs budget airline Air Deccan, on Wednesday said Vijay Mallya has been co-opted as an additional director and vice-chairman of the board of the company.
Mallya's UB Group had acquired a 26-per cent stake in Deccan Aviation in May this year, which it raised to 46 per cent through an open offer that ended earlier this month.
Deccan Aviation said in a filing with the Bombay Stock Exchange today that at the board meeting held today decided to induct Vijay Mallya, A K Ravi Nedungadi and Hitesh Harshad Patel as Additional Directors with immediate effect to hold office until the ensuing Annual General Meeting.
01/11/07 PTI/Economic Times

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Categories: Kingfisher Nov 2007, Simplifly Deccan Nov 2007