New Delhi: Crisis-ridden Kingfisher Airlines' shares, amounting to over Rs 5.7 crore, have been sold by SBICAP Trustee Company.
SBICAP has offloaded more than 1.69 crore shares valued at over Rs 5.7 crore, Kingfisher said in a regulatory filing.
Post sale, SBICAP's stake in the grounded carrier has come down to 12.19 per cent from 14.29 per cent.
Promoters held 30.14 per cent stake in Kingfisher, as per the company's December quarter shareholding pattern.
For the October-December quarter, Kingfisher reported a net loss of Rs 822.42 crore. The airline, which has not flown for more than a year, had reported a loss of Rs 755.17 crore in the year-ago period.
19/02/14 PTI/Business Standard
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SBICAP has offloaded more than 1.69 crore shares valued at over Rs 5.7 crore, Kingfisher said in a regulatory filing.
Post sale, SBICAP's stake in the grounded carrier has come down to 12.19 per cent from 14.29 per cent.
Promoters held 30.14 per cent stake in Kingfisher, as per the company's December quarter shareholding pattern.
For the October-December quarter, Kingfisher reported a net loss of Rs 822.42 crore. The airline, which has not flown for more than a year, had reported a loss of Rs 755.17 crore in the year-ago period.
19/02/14 PTI/Business Standard
