Kannur International Airport Share Issue Details
Kannur International Airport's public share issue is open now. Expression of Interest applications from public for the purchase of shares should reach the concerned office before Jan 31, 2011
Kannur International Airport – Details of Share Issue
Kanur International Airport Ltd. is fast on the way to become a reality. The project is constructed at an expenditure of 10 billion rupees. Out of this, 5 billion will be funded thru debt and the rest thru equity. Already the KIAL Board has invited Expression of Interest (EoI) from public for purchase of shares. Details are given below. There are no printed application forms available. Given below is the format for the EoI
Face Value of share: Rs.100 per share
Lock-in-period: 5 years from the date of allotment
Minimum quantity to be applied for: 2001 equity shares
Amount to be remitted on:
1) Submission of Request: 25% of face value, 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
2) Allotment Balance: 75% of face value
Closing date for receipt of request along with request money
31 January 2011
Investors are advised to send their EoI application on plain paper, giving
Full name
Address
Email
Phone
Date of birth
Profession
No. of shares
to the company address given below. 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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