MUMBAI: Deccan Aviation Ltd, which runs budget airline Air Deccan, on Wednesday said Vijay Mallya has been co-opted as an additional director and vice-chairman of the board of the company.
Mallya’s UB Group had acquired a 26-per cent stake in Deccan Aviation in May this year, which it raised to 46 per cent through an open offer that ended earlier this month.
Deccan Aviation said in a filing with the Bombay Stock Exchange today that at the board meeting held today decided to induct Vijay Mallya, A K Ravi Nedungadi and Hitesh Harshad Patel as Additional Directors with immediate effect to hold office until the ensuing Annual General Meeting.
“Vijay Mallya has been appointed as Vice Chairman of the Board of Directors of the Company,” the filing said further.
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