New Delhi: Overseas investors, which have been trimming their holdings in Kingfisher Airlines in the past three quarters, have increased their stake marginally in the cash-strapped carrier during the March quarter, according to data available with bourses.
An analysis of shareholding patterns of airlines showed that Foreign Institutional Investors (FIIs) have increased their stakes both in Kingfisher and Jet Airways in three months ended March 2012.
However, the shareholding pattern of SpiceJet was not available.
FIIs have been reducing their exposure over the past few quarters in Kingfisher Airlines, which is grappling with severe cash crunch amid large scale flight cancellations.
26/04/12 PTI/Economic Times
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