Wednesday, October 16, 2013

Kingfisher promoters release 5.60 crore pledged shares

Mumbai: Grounded carrier Kingfisher Airlines today said promoters United Breweries Holdings and Kingfisher Finvest India have released about 5.60 crore pledged shares.
United Breweries Holdings, which holds a 21.36 per cent stake in Kingfisher Airlines, released 4 lakh pledged shares on September 16, according to a BSE filing.
Kingfisher Finvest, which owns 7.21 per cent of the airline, released pledged shares in three tranches last month, according to a separate BSE filing. It released a total of 5,60,22,231 shares between September 6 and September 16. The airline has been grounded since last October.
16/10/13 Business Line