Redect Consultancy sold 325,000 shares of Kingfisher Airlines for Rs 5.74 crore in an open market transaction on Monday. In a bulk deal, Redect Consultancy offloaded 32,50,914 equities of Kingfisher for Rs 17.66 apiece, valuing the deal at Rs 5.74 crore, according to data available on the stock exchanges. Last week, LKP Merchant Financing had sold 435,000 shares of Kingfisher for Rs 6.7 crore and Star Investments also offloaded 12.8 million equities (equivalent to 2.22 per cent stake) in the airline for Rs 21 crore.
