Friday, June 14, 2013

MALLYA'S RS 1000 CR INVESTMENTS IN DECCAN AVIATION IS WORTH JUST RS 25 CR

Five years ago, in June 2007, the king of good times, acquired Deccan Aviation by spending nearly Rs 1000 Cr.  Deccan aviation shares were bought at Rs 155 a piece. That included 26% preferential allotment and 20% open offer.  Deccan Aviation later was merged with KFA. Six years down the line the KFA shares  available for less than Rs 5. At today's market price, Mallya's Rs 1000 Cr investment in Air Deccan fetches just Rs 25 Cr. The above decision of acquiring Air Deccan  appears to be the single biggest blunder committed by Mallya.

No comments:

Post a Comment