Coimbatore: Deccan Aviation Ltd''s board of directors has decided subject to approvals to mop up Rs 1,600 crore by way of domestic or overseas offerings to institutional investors, NRIs, Indian public companies, corporate bodies or approved mutual funds. The board resolved to consider banks, insurance companies, pension funds and qualified institutional buyers for allotment. The board also decided, subject to approval of the shareholders, increase in authorised share capital from Rs 150 crore to Rs 500 crore and consequential amendments to the Memorandum and Articles of Association of the company.
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