Kingfisher Airlines is currently trading at Rs. 10.58, up by 0.31 points or 3.02% from its previous closing of Rs. 10.27 on the BSE.
The scrip opened at Rs. 10.40 and has touched a high and low of Rs. 10.75 and Rs. 10.15 respectively. So far 4029352 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 40.60 on 18-Jul-2011 and a 52 week low of Rs. 10.05 on 01-Jun-2012.
Last one week high and low of the scrip stood at Rs. 12.10 and Rs. 10.15 respectively. The current market cap of the company is Rs. 862.91 crore.
The promoters holding in the company stood at 35.86% while Institutions and Non-Institutions held 14.30% and 49.84% respectively.
LKP Merchant Financing has offloaded 65 lakh shares of debt-laden Kingfisher Airlines for Rs 10.54 apiece or Rs 6.85 crore in total in an open market transaction.
Last week, LKP Merchant Financing sold 78.51 lakh shares of Kingfisher Airlines for Rs 9.57 crore. As of June 23, 2012, LKP Finance held 13,32,96,791 shares, or 16.48% stake of Kingfisher Airlines.
Recently, the promoter holding in Kingfisher Airlines slipped to a record low of 35.86 percent - the lowest since the carrier became a public listed company after acquiring Deccan Airways. Moreover, after excluding the shares they have pledged, the promoters hold a meager 3.55 percent in the crisis-ridden airline.
Earlier in April this year, private sector lender ICICI Bank lowered its stake in the troubled air carrier to 2.9%, from more than 5% at the end of 2011. ICICI Bank now holds about 16.7 million shares, accounting for a 2.9% stake, in the airline.
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