Deccan Aviation raises Rs 29cr from Investec

The committee of directors of Deccan Aviation, at its meeting on December 23, approved the allotment of 19,63,640 equity shares of Rs 10 each to Investec Bank (UK), London at Rs 150 per share.

According to a release issued by the company to the BSE today, the paid-up capital stands increased to Rs 100.14 crore.

The board of directors of the company, on October 30, 2006, had approved the allotment to Investec Bank.