Reliance writes off 90 percent investments in Deccan 360
Mumbai, April 20 (IANS) Reliance Industries' subsidiary Reliance Industrial and Investments Holding Friday said it has written off 90 percent of investments in aviation cargo and logistics company Deccan 360.
According to the company's results filing to the Bombay Stock Exchange (BSE), the company has written off Rs.107 crore it invested in the company.
"An amount of Rs.51 crore, net of losses recognized in earlier years, has been recognised in the results," the filing said.
Deccan 360 was launched in May 2009 by Air Deccan founder Captain G.R. Gopinath.
Read More: Deccan Chargers | Industrial Area Aligarh | Industrial Estate Sikandrabad | Industrial Area Po | Jagdishpur Industrial Area | Industrial Area | Gopinath Ka Garha | Gandhidham Industrial Estate | Odhav Industrial Estate | Stock Exchange Po | Industrial Area Tso | Industrial Estate Tso | A.c.company | Industrial Estate Lsg So | Bommasandra Industrial Estate | Belur Industrial Area | Humnabad Industrial Area | Guindy Industrial Estate | Khirachora Gopinath Edso | Gopinath Killa | Fri
MONEY SPINNING IPL SHOULD BE BANNED - PASWAN
May 18, 2013 at 9:44 PM
CBI SUPERINTENDENT SENT TO THREE DAY POLICE REMAND
May 18, 2013 at 9:42 PM
SIDDARAMAIAH EXPANDS CABINET, ENSURES NO WATER CRISIS
May 18, 2013 at 9:41 PM