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Tuesday, Jan 29, 2008
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 Corporate - Diversification
DC Holdings' new ventures

Hyderabad, Jan. 28

Deccan Chronicle Holdings Ltd has informed the BSE that the company's board of directors approved the formation of a joint venture company with Group M (a WPP company) to explore and create market in the Sport and Event Management space through its wholly owned subsidiary Sieger Solutions Ltd. The board recorded the company's successful bid for Indian Premier League (IPL) for Hyderabad Team. In another decision, the board approved the launch of a financial daily and appointed Mr Shubhrangshu Roy as Chief Operating Officer (COO) for this venture, and also approved the appointment of Mr Mohit Mohan as Chief Executive Officer (CEO) of Odyssey India Ltd (earlier Head Operations WalMart International). - Our Bureau

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