Deccan Aviation Stock prices moved up 5 per cent on the BSE today on expectations that, Kingfisher company is planning a Reverse Merger with Deccan Aviation which would enable the Kingfisher Airlines to use the Deccan Aviation International Flying License to fly Kingfisher to abroad destinations.
This reverse merger move will strengthen Deccan as the value of Kingfisher will be added to the Deccan Stock, both airline companies denied such moves though.
“The Deccan stock has flared up on rumours that the reverse merger ratio could be in favour of Deccan,’’ said an analyst with a broking house in Mumbai who did not wish to be identified. ‘’Someone has taken a call on the stock and the spurt is not necessarily based on fundamentals,’’ said the analyst.
Deccan Aviation Stock prices moved up nearly 30% in the last one month based on this merger news.
Stock Prices of Deccan Aviation are last trading at Rs. 200 on the NSE.
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