India's Kingfisher shares rise after block deals


Oct 11 (Reuters) - Shares in India's Kingfisher Airlines, grounded since the start of the month, rose as muchas 4.8 percent, after data showed a series of block deals onThursday.

About 2.6 million Kingfisher shares changed hands on theBombay Stock Exchange, minutes before the close of the markettrade, Thomson Reuters data showed. The identity of the buyersor sellers was not immediately clear.

Kingfisher shares listed on the bigger National StockExchange surged as traders reacted to the news, but finished up0.4 percent on the day. The BSE-listed shares closed flat at11.45 rupees.

Kingfisher has so far failed in its long-running search foran investor and is $2.5 billion in debt by one estimate. Thecarrier has grounded its fleet since Oct. 1 after an employeeprotest turned violent.

(Reporting by Mumbai Newsroom; Editing by Subhranshu Sahu)


Messaging: sumeet.chatterjee.thomsonreuters.com@reuters.net))