The UB Group''s
open offer to Deccan Aviation shareholders will open on 12 September, nearly seven
weeks after 25 July, the date originally scheduled. The revised completion schedule
for the open offer has been filed with the Securities and Exchange Board of India
will commence on 12 September and close on 1 October. The payment for the quantum
of shares accepted will be communicated by mid-October.
UB Group''s open offer had hit a roadblock after the acquirers (UB Group) failed
to furnish a declaration that it had made firm financial arrangements for funding
the open offer.