Gopinath sells down Kingfisher stake, shares drop

Kingfisher Airlines' non-Executive Director and Vice-Chairman, Capt. GR Gopinath, has been steadily reducing his stake in the airline from over 5% to approximately 4.6% over the past fortnight. According to media reports, the sell down may be related to plans by the founder of the former Air Deccan to fund the establishment of a cargo and logistics operation.