Redect Consultancy today sold 32.5 lakh shares of Kingfisher Airlines for Rs 5.74 crore in an open market transaction.
In a bulk deal, Redect Consultancy offloaded 32,50,914 equities of Kingfisher for Rs 17.66 apiece, valuing the deal at Rs 5.74 crore, according to data available on the stock exchanges.
Last week, LKP Merchant Financing had sold 43.5 lakh shares of Kingfisher for Rs 6.7 crore and Star Investments also offloaded 1.28 crore equities (equivalent to 2.22 per cent stake) in the airline for Rs 21 crore.
09/04/12 PTI/Economic Times
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