Grounded Kingfisher’s shareholder base zooms to record high

In a logic-defying trend, the number of shareholders at Kingfisher Airlines has zoomed to a record high level of about 2.4 lakh investors even as the carrier has remained grounded for over nine months and its market value has plummeted by over 90%.

Also, it is the small retail investors who account for nearly 97% of the overall shareholder base of the currently non-operational and heavily debt-laden aviation venture of Vijay Mallya-led UB group.

According to the company’s latest shareholding pattern, over 2.3 lakh small retail shareholders currently own shares in Kingfisher Airlines, while other investors include about 3,600 high net worth individuals and close to 2,300 NRIs.

Full report here Business Standard


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