Kingfisher-Deccan to raise $300 mn in two months

Mumbai: The merged entity of Kingfisher Airlines and Deccan Aviation Ltd plans to raise $300 million through sale of shares to finance its immediate expansion needs.
According to Anand Ramachardran, vice-president (finance) of Deccan Aviation, the sales of shares would be completed in two months.
'At the present moment, we are in talks to appoint a suitable merchant banker for the share sale by the end of this month,' Ramachandran told IANS at South Asia Aviation Finance Conference held in Mumbai Wednesday.
The merger is expected to be completed by April this year.
13/02/08 India PRwire

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Categories: Deccan Feb 2008, Kingfisher Feb 2008