SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

LKP Merchant Financing offloads Kingfisher’s 10 million shares for Rs 10.41 crore

13 Jul 2012 Evaluate

LKP Merchant Financing continues to sell Kingfisher Airlines’ stake and has sold 10 million shares for over Rs 10 crore through an open market transaction. The company offloaded one crore equities of the airline at a price of Rs 10.41 per share, valuing the deal at Rs 10.41 crore.

On July 12, 2012, LKP Merchant Financing 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 while, last week, it sold 7.85 million shares of the airline for Rs 9.57 crore.

As of June 23, 2012, LKP Merchant Financing held 13,32,96,791 shares, or 16.48% stake, of Kingfisher Airlines.

Peers
Company Name CMP
Interglobe Aviation 4638.75
SpiceJet 13.88
Raymond 422.05
Global Vectra Helico 203.85
Taneja Aerospace 281.55
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×