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Friday, September 14, 2007

UB offer

Vijay Mallay's United Breweries has made an open offer for an additional 20 percent stake in Air Deccan. The offer opened yesterday and will close on October 1. Earlier it has already acquired 26% for Rs. 550 crore.
The UB-group company proposes to acquire over 2.71 crore fully paid up equity shares of the face value of Rs 10 each representing 20 per cent of the equity share capital of Air Deccan, pursuant Securities and Exchange Board of India Regulations.

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