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SBICAP Trustee Company sells 85.17 lakh shares of Kingfisher Airlines

12 Apr 2013 Evaluate

SBICAP Trustee Company has sold 8,517,152 shares of Kingfisher Airlines in an open market transaction. The shares were sold at an average price of Rs 7.87 a piece on National Stock Exchange (NSE) on April 11, 2013.

Kingfisher Airlines is one of the leading private players in the Indian aviation industry. Incorporated in 1995 as Deccan Aviation, the company is engaged in the business of providing passenger and helicopter charter services. The name was changed to Kingfisher Airlines in the year 2008.

Peers
Company Name CMP
Interglobe Aviation 4555.65
SpiceJet 15.00
Raymond 444.30
Global Vectra Helico 189.00
Taneja Aerospace 275.15
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