It is official: Deccan is now Kingfisher
The BSE-listed Deccan Aviation Ltd changes its name to Kingfisher Airlines Ltd after completion of the merger between the Captain GR Gopinath promoted low-cost carrier and the Vijay Mallya’s Kingfisher Airlines.Updated: Sep 08, 2008 22:43 IST
The BSE-listed Deccan Aviation Ltd has changed its name to Kingfisher Airlines Ltd after completion of the merger between the Captain GR Gopinath-promoted low-cost carrier and the Vijay Mallya’s Kingfisher Airlines.
A notification to this effect was issued to the BSE on Monday. Deccan Aviation’s stock was still traded under the same name, and would be changed to Kingfisher Airlines in a day or two.
The scrip, which made its debut on the bourse in mid-2006, was down 1.39 per cent and closed at Rs 88.70.
“The name change (of the scrip) will reflect soon and the merger is complete,” Ravi Nedungadi, CFO, UB Group told Hindustan Times.
Deccan’s charter business was previously hived off into a separate company called Deccan Charters, which is owned jointly by Gopinath and Mallya.