The foreign institutional investors (FIIs) increased their stake in low-cost carrier SpiceJet by 1.5 percentage points to 10.82 per cent last quarter.
However, FIIs’ share in Kingfisher Airlines fell from 5.05 to 4.43 per cent and in Jet Airways by one percentage point to 6.66 per cent.
The domestic institutional investors (DIIs) too increased their stake in SpiceJet last quarter. However, while Jet Airways managed to corner a share from the DIIs, Kingfisher Airlines registered a decline in such investment.
DIIs almost doubled their stake in SpiceJet from 12.9 per cent in the third quarter to 23.5 per cent in the fourth quarter. Jet saw DIIs’ stake going up marginally to 8.56 per cent.
Both SpiceJet and Kingfisher saw a marginal decline in promoter’s stake in the fourth quarter.
SpiceJet, Jet Airways and Kingfisher Airlines are the only three listed airlines in the country. According to reports, low-cost carrier IndiGo is planning to list itself.
Jet Airways ended the last financial year with losses of over Rs 400 crore, but made profit of Rs 58 crore in the fourth quarter.
SpiceJet, expected to announce its annual results this week, was in black by the end of the third quarter.
Jet Airways and SpiceJet made a profit of over Rs 100 crore each in the third quarter of the last financial year. Kingfisher, however, ended the quarter with losses.
