Deccan Chronicle Holdings Ltd has informed that the Board of Directors of the Company at its meeting held on January 28, 2008, inter alia, has approved the following:
1. Formation of a Joint Venture Company together with Group M (a WPP Company) to explore and create, a substantial market in the Sport and Event Management space through its wholly owned subsidiary Sieger Solutions Ltd.
2. The Board has taken on record the winning of bid of Indian Premier League (IPL) for Hyderabad Team.
3. The Board has approved the launch of a Financial Daily and has appointed Mr. Shubhrangshu Roy as Chief Operating Officer (COO) for the same venture.
4. The Board has approved the appointment of Mr. Mohit Mohan as Chief Executive Officer (CEO) of Odyssey India Ltd (Earlier Head Operations WalMart International).
1. Formation of a Joint Venture Company together with Group M (a WPP Company) to explore and create, a substantial market in the Sport and Event Management space through its wholly owned subsidiary Sieger Solutions Ltd.
2. The Board has taken on record the winning of bid of Indian Premier League (IPL) for Hyderabad Team.
3. The Board has approved the launch of a Financial Daily and has appointed Mr. Shubhrangshu Roy as Chief Operating Officer (COO) for the same venture.
4. The Board has approved the appointment of Mr. Mohit Mohan as Chief Executive Officer (CEO) of Odyssey India Ltd (Earlier Head Operations WalMart International).
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