High net-worth individuals (HNIs) have increased their holdings in Kingfisher Airlines to 20.3% in September quarter from 19.52% in the preceding three months, even though the carrier remained grounded for over a year after its licence was suspended.
However, small investors and foreign institutional investors (FIIs) have reduced their respective exposure to beleaguered airlines in the quarter that ended September 30.
Burdened under huge losses and large debts, the airline stopped flying in October 2012 and its flying licence also lapsed about two months later.
