New Delhi: High net-worth individuals (HNIs) continued their buying spree in Kingfisher Airlines shares in September quarter, even as the carrier remained grounded for over a year after its licence was suspended.
However, small investors (individuals with shares worth over Rs 1 lakh) and foreign institutional investors (FIIs) reduced their respective exposure to beleaguered airlines in the quarter that ended September 30.
They raised their stake in the cash-strapped company to 20.3 per cent at the end of the September quarter from 19.52 per cent in the preceding three months, as per stock exchanges data.
HNIs have been raising their respective stakes in Vijay Mallya-led Kingfisher since April-June quarter of 2012.
Besides, the latest shareholding data of Kingfisher shows that the number of HNI shareholders have also increased considerably during this time.
Read news in full 28/10/13 PTI/The Hindu
Sunday 3 November 2013
High Net Worth individuals hike stake in Kingfisher
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