Small investors, HNIs hike Kingfisher Airways stake, FIIs bring it down

The stake of domestic institutional investors slipped marginally to 13.06 per cent in December quarter from 13.15 per cent in the preceding three months.

The operations of Kingfisher remains disrupted since September 30, first due to a strike by its engineers and pilots, and then the lockout declared by the management.

This was followed by suspension of its flying permit by Directorate General of Civil Aviation (DGCA) after the carrier failed to produce a plan on how it would revive its operations.

Shares of Kingfisher have fallen by over seven per cent during the quarter under review. The company's scrip is currently trading at Rs 12 level.

The total number of small shareholders currently stand at 2,22,320 as against 2,05,781 as on September 30, 2012 and the number of HNIs were 3,390 as compared to 3,072 during the same period.

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