SBICAP sells Kingfisher shares worth Rs 5.7 crore

Crisis-ridden Kingfisher Airlines’ shares, amounting to over Rs 5.7 crore, have been sold by SBICAP Trustee Company.

SBICAP offloaded more than 1.69 crore shares valued at over Rs 5.7 crore, Kingfisher said in a regulatory filing. Post sale, SBICAP’s stake in the grounded carrier has come down to 12.19 per cent from 14.29 per cent. 

Promoters held 30.14 per cent stake in Kingfisher, as per the company’s December quarter shareholding pattern.

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