Gopinath reduces stake in Kingfisher to 1.75%
1 min read . Updated: 17 Sep 2009, 02:21 PM ISTGopinath reduces stake in Kingfisher to 1.75%
Mumbai: Kingfisher Airlines on Thursday said its vice-chairman G R Gopinath has reduced his stake in the air carrier to 1.75% after selling shares worth Rs4.03 crore.
Gopinath sold 8,63,035 shares representing 0.32% stake in the company for Rs4.03 crore, Kingfisher Airlines said in a disclosure on the Bombay Stock Exchange.
On 15 September, Gopinath has sold a total of 13,59,473 shares of the private carrier for Rs6.31 crore through five separate transactions.
Gopinath had 88,50,190 shares of Kingfisher, representing 3.33% stake, as on 30 June.
Gopinath, who held over 9% stake in the company in June 2008, is on a selling spree since then.
Gopinath had started Air Deccan in 2003 and sold it to Vijay Mallya-owned Kingfisher in 2007.
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