However, foreign institutional investors (FIIs) more than halved their exposure to the beleaguered airlines to 1.07 per cent at the close of last quarter ended December 31, 2012, from 2.46 per cent three months ago, while holding of domestic institutions also came down during this period.
The high-net worth individuals raised their stake in cash-strapped carrier to 15.74 per cent at the end of December quarter from 13.78 per cent in the preceding three months, while holding of small individual investors rose to 19.25 per cent from 17.59 per cent, as per stock exchanges data.
Small investors (defined as those holding up to Rs 1 lakh worth shares in a company), and HNIs (individuals with shares worth over Rs 1 lakh) have been raising their respective stakes in Vijay Mallya-led Kingfisher Airlines since April-June quarter of 2012.
Besides, the latest shareholding data of Kingfisher shows that the number of small individual and HNI shareholders have also increased considerably during this time.
The total promoter holding continued at 35.83 per cent in December quarter. The promoters have pledged over 90 per cent of their shares with various lenders, leaving them with a non-encumbered stake of just 3.55 per cent.
The shareholding of institutional investors (insurance, banks and financial institutions) has also come down in the December quarter to 14.13 per