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  •   Mon, Aug 28 2006 05:45:49 AM

Daijiworld News Network - Mangalore (MB)

Mangalore, Aug 28: Hyderabad-based daily Deccan Chronicle's board of dirctors has approved an FII investment of up to about 14% of paid up capital, said the newspaper's sources.

The company will invest about Rs 20 crore to start off in Mangalore and Dharwad editions.

PK Iyer, Executive Director of Deccan Chronicle Holdings says that the  Mangalore and Dharwad editions will start, after Bangalore goes online.

He adds that they are getting Kochi and Coimbatore online first, while Kochi, Coimbatore and Bangalore will go online this fiscal. Mangalore and Dharwad may go online eight months after that.
  

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