New Delhi: In a logic-defying trend, the number of shareholders at Kingfisher Airlines has zoomed to a record high level of about 2.4 lakh investors even as the carrier has remained grounded for over nine months and its market value has plummeted by over 90 per cent.
Also, it is the small retail investors who account for nearly 97 per cent of the overall shareholder base of the currently non-operational and heavily debt-laden aviation venture of Vijay Mallya-led UB group.
According to the company's latest shareholding pattern, over 2.3 lakh small retail shareholders currently own shares in Kingfisher Airlines, while other investors include about 3,600 high net worth individuals and close to 2,300 NRIs.
Total number of promoter shareholders is just six, including Mallya himself and his group entities, while the number of various institutional investors is also very small.
Moreover, the number of institutional investors has continued to decline for many months now even as the retail investor base went on rising.
07/07/13 PTI/Economic Times
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Also, it is the small retail investors who account for nearly 97 per cent of the overall shareholder base of the currently non-operational and heavily debt-laden aviation venture of Vijay Mallya-led UB group.
According to the company's latest shareholding pattern, over 2.3 lakh small retail shareholders currently own shares in Kingfisher Airlines, while other investors include about 3,600 high net worth individuals and close to 2,300 NRIs.
Total number of promoter shareholders is just six, including Mallya himself and his group entities, while the number of various institutional investors is also very small.
Moreover, the number of institutional investors has continued to decline for many months now even as the retail investor base went on rising.
07/07/13 PTI/Economic Times
