Deccan Aviation’s angel investors hit pay dirt

Deccan Aviation may be a poor man’s airline but it has not been so for some of its investors who have made millions out of their initial investment into the venture.
The man who helped Capt G.R. Gopinath to launch India’s first low cost airline, Mr S.N. Ladhani whose Brindavan Beverages invested about Rs 1.5 crore into Deccan Aviation has been able to mop up Rs 150 crore through a combination of sale of its shares in the open market and through the open offer of the UB Group.
Brindavan Beverages and Mr Ladhani had totally about 18 per cent stake pre IPO which reduced to about 9 per cent after the open offer and now stands at a minuscule 3 per cent which indicates Mr Ladhani’s dwindling interest in the airline.