Brokerage firm Transglobal Securities has sold more than 74 lakh shares of ailing Kingfisher Airlines for Rs 7.44 crore. The company has offloaded 74,52,261 shares at Rs 9.98 apiece valuing the deal at over Rs 7.44 crore.
On August 9, 2012, LKP Merchant Financing sold 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.