High net-worth individuals (HNIs) and small individual investors have increased their stake in beleaguered airlines Kingfisher Airlines, despite the beleaguered airlines has been grounded for nearly seven months after its licence got suspended.
The HNIs has raised their stake in the cash-strapped carrier to 16.58% at the end of the March quarter from 15.74% in the preceding three months, while holding of small individual investors rose to 20.59% from 19.25%.
However, foreign institutional investors (FIIs) have reduced their exposure to the ailing carrier to 0.85% at the close of last quarter ended March 31, from 1.07% three months ago. The holding of domestic institutions has also come down during this period.
