Air Deccan, India's largest budget airline, plans to raise $100 mn by selling up to 26 per cent to a professional investor, Managing Director G.R. Gopinath said Tuesday. The company has appointed investment bank Edelweiss Capital to evaluate at least three potential private investors, Gopinath told AFP in Bangalore, ruling out a strategic sale to billionaire brewer Vijay Mallya's Kingfisher Airlines. “We are taking time to find out who we should go to bed with,” the 55-year-old entrepreneur said, adding a final decision that could involve a sale to more than one player will be made in two weeks to a month. […]