Kannur International Airport /Kannur International Airport Equity Issue Details
The Kannur International Airport (KIAL)equity issue is open now. The issue will close on January 31, 2011. Face value of a share is Rs 100, and the minimum amount to be applied for is 2001
Kannur Airport Equity Issue Details
Kannur International Airport is the 4th Major airport to be set up in Kerala at Moorkhanparambu, Mattannur, Kannur district. Chief Minister VS Achuthanandan laid the foundation stone for this project in November 2010 at a function presided over by the Union Civil Aviation minister Mr. Praful Patel. Total project outlay is estimated at 10 billion rupees out of which 5 billion will be met thru equity allotment while the rest will be in the form debt. According to the government, 51% of the equity will be with government and its agencies and rest will be held by the public.Public Issue of Equity
The public equity issue for raising capital for the proposed international airport in Kannur is already underway. The details are given below.
Face value: Rs.100 per share
Issue Price: Rs. 100 per share
Lock in Period: 5 years from the date of allotment
Minimum Quantity: 2001 Equity shares
Total Minimum Amount: 200100
Amount payable on application: 25% of the Face Value
Payment Mode: Payable by Demand Draft (DD) drawn in favour of Kannur International Airport Limited, payable at Thiruvananthapuram. This will be refunded, without interest, only on non allotment or partial allotment for
any reason
Payment of Balance Amount: On allotment (balance 75% of face value)
Closing Date: 31st January 2011
Applications on plain paper, giving full name, address including email and phone, date of birth and profession, should be send to the company address given below stating the number of shares you wish to subscribe. DD towards the request money should be enclosed with the
request letter.
Kannur International Airport Ltd
"Parvathy" ,TC 36/1
Chacka, NH By Pass
Thiruvananthapuram - 695024
Kerala, India.
Phone :91- 471- 2508668 ,69
OR
Kannur International Airport Ltd
Kinfra Office Building
Opposite Mattannur Bus stand,
Ambalam Road,
Mattannur, Kannur – 670702
Kerala, India.
Phone : +91 - 490 – 2474464
In case of payment by DD by debit to NRO/NRE/FCNR (B)/RFC Accounts, the DD
has to be accompanied by a letter issued by the respective bank stating
that the DD has been issued by debiting the NRO/NRE/FCNR (B)/RFC Account.
Copy of PAN card or Form 60 as per rule 114 B of Income Tax Rules will be
required to be submitted along with the request.
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