SBICAP sells 1.69 crore shares of Kingfisher Airlines

14 Mar 2014

SBICAP Trustee Company has offloaded 1.69 crore shares worth over Rs 4.52 crore of crisis-ridden Kingfisher Airlines. Post sale, SBICAP’s stake in the grounded carrier has come down to 10.10% from 12.19%.

For the October-December quarter, Kingfisher reported a net loss of Rs 822.42 crore. The airline, which has not flown for more than a year, had reported a loss of Rs 755.17 crore in the year-ago period.

Burdened under huge losses and large debts, the airline stopped flying in October 2012 and its flying licence also lapsed about two months later.

 

Related Kingfisher Airlines Ltd. Links:
1 Year Price Chart
Peers
Company Name CMP
Interglobe Aviation 1694.70
Hindustan Aeron 983.20
Spice Jet 69.90
Global Vectra Helico 42.10
Jet Airways (I) 89.70
View more..
Sensex vs Kingfisher Airlines
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback