13 July 2012
LKP Merchant Financing on 11 July 2012 sold 10 million shares of Kingfisher Airlines at a price of more than 10 crore rupees through an open market transaction. LKP Merchant Financing sold 65 lakh shares of Kingfisher airline which costs 7 crore rupees on 11 July 2012 and 78.51 lakh shares of 9.57 crore rupees on 23 June 2012.
On the Bombay Stock Exchange (BSE), Kingfisher shares closed 0.58 percent higher at 10.33 rupees each.
LKP Merchant Financing belongs to LKP group of companies. It was started as one of India's first securities brokerage house in 1948. Currently, LKP is involved in primary and secondary markets, corporate financing, merchant banking, and foreign exchange broking to money changing.
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