Chednnai: The promoters and promoter group entity firms of Kingfisher Airlines have pledged more than 80 per cent of the total holdings of 66.27 per cent.
As per the disclosures made to the stock exchanges, two promoter group entities United Breweries (Holdings) and Kingfisher Finvest India have pledged their entire holdings in the firm. United Breweries (Holdings) holds about 8.64 crore shares or 32.49 per cent stake in the firm, while Kingfisher Finvest India owns about 6.12 crore shares or 23 per cent stake in the airline.
The pledge also represents 55.49 per cent of the total number of shares outstanding in the company and more than 83.73 per cent of the total promoter and promoter group holding of 66.27 per cent, as per the shareholding pattern in December 2010. The reason for the pledge is not disclosed.
14/03/11 mydigitalfc
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