Deccan board approves shares to Kingfisher Radio

Mumbai, July 2: Deccan Aviation today announced that its Board of Directors (BOD), in a meeting on June 30, had approved the allotment of 3.5 crore equity shares of Rs 10 each to Kingfisher Radio Ltd, at a price of Rs 155 per share (premium of Rs 145 per share).

In a communication made to the Bombay Stock Exchange (BSE) here, the company said as a result of this, its paid up capital has increased to Rs 13.54 billion, comprising 13.54 crore equity shares of Rs 10 each.

Earlier, Deccan Aviation BOD at the extraordinary general meeting (EGM) on June 26, inter alia, had approved the increase in the Authorised Share Capital of the company from Rs 125 crore to Rs 150 crore. Accordingly, the present authorised share capital of the company has reached to Rs 150 crore, comprising 15 crore equity shares of Rs 10 each.

UNI