The Deccan Aviation stock rose over 23.23 per cent on Tuesday to Rs 191.5 on rumours that the company might go for a reverse merger with UB Group’s Kingfisher Airlines after delisting itself from the stock exchange. In its place, Kingfisher Airlines would list itself on the stock exchange.
The rumours rose from the news that Deccan Aviation which runs ‘Simplify’ Deccan might get clearance to launch its international operations as it completes the mandatory five years before it is allowed to fly foreign routes.
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The rumours rose from the news that Deccan Aviation which runs ‘Simplify’ Deccan might get clearance to launch its international operations as it completes the mandatory five years before it is allowed to fly foreign routes.
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