Kingfisher Airlines is currently trading at its upper circuit limit of Rs. 16.45, up by 0.78 points or 4.98% from its previous closing of Rs. 15.67 on the BSE.
The scrip opened at Rs. 16.45 and has touched a high and low of Rs. 16.45 and Rs. 16.45 respectively. So far 1761229 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 30.90 on 07-Feb-2012 and a 52 week low of Rs. 7.01 on 13-Aug-2012.
Last one week high and low of the scrip stood at Rs. 16.45 and Rs. 13.69 respectively. The current market cap of the company is Rs. 1330.35 crore.
The promoters holding in the company stood at 35.83% while Institutions and Non-Institutions held 15.61% and 48.56% respectively.
Etihad Airways is all set to pick 48 percent stake in debt-ridden carrier Kingfisher Airlines for a sum of over Rs 3000 crore, as mentioned in few media reports. Abu Dhabi-based carrier would initially acquire 30 percent stake of the company in December, while the remaining 18 percent would be purchased by August, 2013.
Etihad was earlier reported to be close a deal to acquire 24% stake in Jet Airways for a sum of Rs 2200 crore. Jet Airways, along with its subsidiary JetLite, is the country’s second largest airline by domestic passenger’s market share.
