SBICAP sells Kingfisher shares worth over Rs 4.5 cr

Post sale, company's stake in the grounded carrier has come down to 10.10% from 12.19%

SBICAP Trustee Company has sold 1.69 crore shares worth over Rs 4.52 crore of crisis-ridden Kingfisher Airlines.

Post sale, SBICAP's stake in the grounded carrier has come down to 10.10% from 12.19%, Kingfisher said in a regulatory filing.

Promoters held 30.14% stake in Kingfisher, as per the company's December quarter shareholding pattern.

For the October-December quarter, Kingfisher reported a net loss of Rs 822.42 crore. The airline, which has not flown for more than a year, had reported a loss of Rs 755.17 crore in the year-ago period.

Burdened by losses and huge debts, the airline -- part of the group led by liquor baron Vijay Mallya's -- stopped flying in October 2012. Its flying licence also lapsed about two months later.

Shares of the company ended at Rs 2.44 apiece, up 0.83% on the BSE today.