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Saturday, January 28, 2006

Deccan Chronicle to consider listing Odyssey India via IPO

Deccan Chronicle Holdings has informed the BSE that a meeting of the board of directors of the company will be held on February 01, 2006, to reconsider the merger of Odyssey India, currently a 100% subsidiary of the company with itself and list the Odyssey India through an IPO to unlock value to the shareholders.

At 11:57 am, Deccan Chronicle is quoting at Rs 361.90, down Rs 5.65, or 1.54%. It is trading with volumes of 8,123 shares on the BSE.

It has touched an intraday high of Rs 372 and an intraday low of Rs 355.25. Yesterday the share closed up 2.03% or Rs 7.30 at Rs 367.55.

Source:moneycontrol

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