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LKP Merchant Financing offloads another 46.10 lakh shares of Kingfisher Airlines

09 Aug 2012 Evaluate

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.

Peers
Company Name CMP
Interglobe Aviation 4691.50
SpiceJet 8.19
TAAL Tech 960.00
Taneja Aerospace 325.70
Global Vectra Helico 127.75
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