Overseas investors, which have been trimming their holdings in Kingfisher Airlines in the past three quarters, have increased their stake marginally in the cash-strapped carrier during the March quarter, according to data available with bourses.
An analysis of shareholding patterns of airlines showed that Foreign Institutional Investors (FIIs) have increased their stakes both in Kingfisher and Jet Airways in three months ended March 2012.
However, the shareholding pattern of SpiceJet was not available.
FIIs have been reducing their exposure over the past few quarters in Kingfisher Airlines, which is grappling with severe cash crunch amid large scale flight cancellations.
According to data available with the stock exchanges, FII holdings in the Vijay Mallya-led airline has climbed to 0.71 per cent at the end of March quarter 2011 from 0.5 per cent in the preceding three months.
Their stake in Kingfisher had stood at 2.11 per cent in the September quarter and 3.02 per cent in June 2011 quarter.
Jet Airways -- the country's largest carrier in terms of passenger carriage -- also witnessed an increase in FII stake at 6.72 per cent during the quarter under review, compared to 5.42 per cent in the three months to December, 2011. In the September quarter, FII ownership in Jet Airways was 4.67