LKP Merchant Financing today sold 78.51 lakh shares of debt-laden Kingfisher Airlines for Rs 9.57 crore in an open market transaction.
According to bulk deal data available on the stock exchanges, LKP Merchant Financing offloaded 78,51,264 equities of Kingfisher Airlines for Rs 12.20 apiece.
However, buyers of the shares could not be ascertained.
As of June 23, 2012, LKP Finance held 133,296,791 or 16.48 per cent stake in Kingfisher Airlines.
Meanwhile, an a separate block deal, Prince Holdings (Madras), a promoter entity of India Cements, sold 76 lakh shares of the cement major in a deal worth Rs 65.36 crore. The shares were sold to Aspin Ltd, a shareholder of India Cements.
As of March quarter, Prince Holdings Madras held 5.83 per cent stake in India Cements, while Aspin's holding in the cement firm stood at 2.75 per cent during the period, BSE data showed.
Shares of Kingfisher Airlines closed at Rs 11.94, up 0.25 per cent on the BSE, while India Cements settled 0.06 per cent higher at Rs 86.10 on the bourse.
