SBICAP sells Kingfisher shares worth Rs 5.7 cr

Crisis-ridden Kingfisher Airlines' shares, amounting to over Rs 5.7 crore, have been sold by SBICAP Trustee Company.
SBICAP has offloaded more than 1.69 crore shares valued at over Rs 5.7 crore, Kingfisher said in a regulatory filing.
Post sale, SBICAP's stake in the grounded carrier has come down to 12.19 per cent from 14.29 per cent.
Promoters held 30.14 per cent 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.
Kingfisher's shares declined more than 2 per cent to close at Rs 2.59 on the BSE.