Kingfisher shareholder sells 38 lakh shares for Rs 6crore

MUMBAI: Star Investments, one of the shareholders of Kingfisher Airlines, today sold 38 lakh shares of the debt-laden carrier for over Rs 6 crore through an open market transaction.

In one of the bulk deals, Star Investments offloaded 38 lakh equities of Kingfisher at Rs 16.14 apiece, valuing the deal at Rs 6.13 crore, according to the data available on the stock exchanges.

As of March quarter, Star Investments held 1.28 crore shares, or 2.22 per cent stake in Kingfisher.

After hitting its all time low at Rs 14 apiece in the intra-day trade on the BSE today, shares of Kingfisher recovered to close at Rs 16.05 apiece, down 5.03 per cent from the previous close.