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‘Air Deccan has found best partner in UB’
Days before the UB Group floats its open offer to acquire another 20 per cent stake in Deccan Aviation, both Mr Vijay Mallya and Mr G.R. Gopinath spent some quiet moments together at the latter’s farm house near Hassan, 200 km from Bangalore last weekend.
Air Deccan will release its set of print campaigns that talk about the joint marketing taken up by both the airlines.
Till last week, Kingfisher Airlines was running campaigns promoting both airlines.
As far as the open offer is concerned, airline analysts are a bit wary whether the UB Group will be able to mop up the entire 20 per cent.
Small investors tendering to the offer would attract short-term capital gains tax of 30 per cent, they added. Hence, they may not be too keen to tender their holdings to the UB group especially because the offer price is a mere Rs 10 more than the current market price of Rs 145.
