Kingfisher shares drop after licence suspension

Shares in Kingfisher Airlines Ltd dropped 4.8 percent on Monday, after its licence was suspended on Saturday.

Kingfisher's licence was suspended after it failed to address the regulator's concerns about its operations, forcing the debt-laden carrier to stop taking bookings.
Kingfisher Airlines slipped 4.80% or Rs 0.55 at Rs 10.90. It has touched an intraday high of Rs 10.90 and an intraday low of Rs 10.90.
There were pending sell orders of 3,633,409 shares, with no buyers available. It was trading with volumes of 41,795 shares.
 
In the previous trading session, the share closed down 4.58% or Rs 0.55 at Rs 11.45.