Small individual investors and high networth individuals seem to be on a share buying spree in Kingfisher Airlines, even as the stake of promoters themselves has hit a record low in the debt-ridden airline.
The small individual shareholders currently own 12.56 per cent stake in Vijay Mallya-led group’s Kingfisher Airlines, while another 8.55 per cent holding is now with the high-networth individuals.
The holding of small investors (defined as those holding up to Rs 1 lakh worth shares in a company) has almost doubled in about 15 months, while that of HNIs (individuals with shares worth over Rs 1 lakh) has more than tripled.
More than 1.76 lakh small individuals currently own Kingfisher shares — up from about 1.35 lakh at the beginning of the current fiscal and about 95,000 as on March 31, 2011.
The total number of HNI shareholders currently stand at more than 1,800 — as against 668 as on March 31, 2012 and just 265 a year before that.
Published 08 July 2012, 15:45 IST