Mumbai: Pledged shares of crisis-hit Kingfisher Airlines, amounting to more than 14 per cent stake, have been acquired by SBICAP Trustee Company. At current market price, these pledge shares — about 11.55 crore — are worth Rs.43 crore. The shares, amounting to 14.29 per cent stake in the airline, which remains grounded since October, 2012, are valued at about Rs.43 crore.
Promoters hold 30.14 per cent stake in Kingfisher, as per the company’s December quarter shareholding pattern.
Burdened under huge losses and large debts, the airline stopped flying in October 2012 and its flying licence also lapsed about two months later.
24/01/14 PTI/The Hindu
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Promoters hold 30.14 per cent stake in Kingfisher, as per the company’s December quarter shareholding pattern.
Burdened under huge losses and large debts, the airline stopped flying in October 2012 and its flying licence also lapsed about two months later.
24/01/14 PTI/The Hindu
