Deccan Aviation clarifies on news item regarding fund raising plan

With reference to the news item appearing in a leading financial daily, Deccan Aviation Ltd has clarified about the following:

"The Company, has mandated an Investment Banker - Edelweiss Capital for raising US $ 50 - US $ 100 million for funding growth plans. Several investors have evinced interest. The Company along with the said investment Banker are evaluating multiple options with the objective of building robust infrastructure and maximizing shareholder value.

Any such investment in the Company is subject to approval of the shareholders of the Company and Regulatory approvals"

Further, the Company has no information nor are aware of, any investor a referred in the news item, acquiring stake in the Company.

Source : Equity Bulls

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