• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Bangalore, July 25 The Securities & Exchange Board of India (SEBI) is yet to clear an application from UB Holdings for floating an open offer to acquire 20 per cent additional stake in Deccan Aviation.

The window for the open offer was between July 26 and August 13, 2007. An official with the UB Group said though the SEBI had not raised any queries about the open offer, it was yet to clear its application. In a notice to the BSE, Edelweiss Capital, manager to the offer on behalf of Kingfisher Radio (acquirer) along with United Breweries (Holdings) and UB Overseas, said the observations in terms of regulation 18(2) and the SEBI regulations are yet to be received from the board.

Therefore, the schedule of activities announced earlier regarding the open offer shall be required to be revised. “The revised schedule of activities will be announced shortly upon receipt of observations from the SEBI,” the notice said.

More Stories on : Open Offers | Airlines

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
UB Holdings’ open offer for Air Deccan yet to get nod

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line