LKP Merchant Financing continues to sell Kingfisher Airlines’ stake and has sold another 46.10 lakh shares for over Rs 4 crore through an open market transaction. The company offloaded 46.10 lakh equities of the airline at a price of Rs 8.79 per share, valuing the deal at Rs 4.05 crore.
On August 6, LKP Merchant Financing offloaded 53.41 lakh shares of the debt-laden carrier for nearly Rs 5 crore. In previous month, the company sold around 3 crore shares of Kingfisher Airlines.