New Delhi: Leading private sector lender ICICI Bank's stake in the troubled air carrier Kingfisher Airlines has come down sharply to 2.9 per cent, from more than five per cent at the end of 2011.
As per the latest shareholding pattern filed by Kingfisher with the stock exchanges today, ICICI Bank held about 1.67 crore shares, accounting for a 2.9 per cent stake, in the airline as on March 31, 2012.
In contrast, ICICI Bank held 2.63 crore shares, or 5.3 per cent stake, in Kingfisher as on December 31, 2011.
While the details of sale of shares by ICICI Bank could not be ascertained, the latest list of Kingfisher shareholders includes two new entities -- LKB Finance (1.38 per cent) and SHCIL Services Ltd (1.04 per cent).
At the current market price, the shares estimated to be sold by ICICI Bank during the quarter would be worth about Rs 15 crore.
24/04/12 Economic Times
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