Gopinath ceases to be promoter in Deccan

 Others excluded from the promoter group include directors K J Samuel and Vishnu Singh Rawal.

 
UB Group which owns Kingfisher Airlines, acquired 26 per cent stake in Deccan Aviation in August last year and subsequently acquired another 20 per cent later in the year.

 The merger between Kingfisher and Deccan was announced in December  on the basis of a report prepared by merger consultant Accenture.

 The merger process is slated to be completed before June this year. Gopinath will be designated as the vice-chairman in the merged entity while Samuel and Rawal will retain their posts as directors.