Mumbai: SBICAP Trustee Company has sold 1.69 crore shares worth over Rs. 4.52 crore of debt-ridden Kingfisher Airlines.
Post sale, SBICAP’s stake in the grounded carrier has come down to 10.10% from 12.19%, Kingfisher said in a regulatory filing on Thursday.
Promoters held 30.14% 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.
Read News in full 13/03/14 Financial Express
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