(Corrects figure in first paragraph to 1.49 million pounds,from 149 million pounds; adds dropped word million in secondparagraph)
Nov 14 (Reuters) - African budget airline Fastjet Plc said its largest shareholder, Lonrho Ltd, had sold itsfull stake in the carrier for about 1.49 million pounds ($2.38million).
Lonrho sold about 52.4 million shares in the airline for2.85 pence per share, a 17 discount to the closing price ofFastjet's stock on Wednesday.
Fastjet's London-listed stock was down 12 percent at 3.00pence on Thursday afternoon.
Lonrho, an agriculture-focused conglomerate whose roots goback more than a 100 years to colonial Africa, owned 11.27percent of Fastjet as of Oct. 31 according to Thomson Reutersdata.
Lonrho said in May that it was being bought out by Swissbillionaire Thomas Schmidheiny and Swiss investor Rainer-MarcFrey.
Fastjet, backed by easyJet's billionaire founderStelios Haji-Ioannou, has ambitions to become the firstpan-African low-cost carrier and operates within Kenya,Tanzania, Ghana and Angola. ($1 = 0.6254 British pounds) (Reporting by Richa Naidu in Bangalore; Editing by SavioD'Souza)