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Mumbai, Aug. 30

The UB Group has got regulatory approval from the Securities & Exchange Board of India (SEBI) for its open offer of additional shares of Deccan Aviation Ltd. SEBI had sought financial details on how the UB Group would fund the open offer and these details had been submitted, following which SEBI gave its approval, Dr Vijay Mallya, Chairman of the UB Group, told mediapersons at the launch of NDTV's lifestyle channel. The alcoholic beverages major is the promoter of Kingfisher Airlines. UB Group had in July postponed an offer to increase stake in Deccan Aviation, because of a delay in getting approval from SEBI. - Our Bureau

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