How to apply for Kannur International Airport (KIAL) shares
How to apply for Kannur International Company Limited (KIAL) Equity?
Kannur International Airport Ltd (KIAL) board of directors has planned the allotment of its shares to the public with a face value of Rs100 for each and every individual applicant under the condition of minimum of 2001 shares. One individual applicant should buy the 2001 shares which worth total 200100 INR. Political secretary to Kerala Chief Minister V S Achuthanandan, C P Narayanan said about share allocation that every individual applicant who would like to buy share, should apply for a minimum of 2001 shares. The share buyers can be individuals or group of individuals. KIAL has recently inagurated Kannur International Airport official website
According to official news, the offer of bulk subscription would valid after January 31, the deadline for receiving of interests (EoI).
EMA Unihorn India Pvt Ltd, the consultant has been predicted the total venture cost of proposed upcoming Kannur International Airport Ltd (KIAL) is at Rs10bn. The 50 % of this total 10 bn would be equity (Rs5bn) and the other 50 % would be the debt (Rs5bn).
The sources say that KIAL was restricted by rules of the Securities and Exchange Board of India (SEBI) against advertising and public campaigning. So the public, especially NRIs are not much aware about deadline set for submitting the EoI.
Applications were invited for the purchase of Shares in Kannur International Airport Limited Face Value of Share is Rs. 100 and one has to buy minimum shares of Rs. 2, 00,100. Those who are willing to...
Government of Kerala has been registered the Kannur International Company Limited (KIAL) as a Public Limited Company. The state Government will hold its 26% equity, allowing 23 percent to public sector enterprises, for Government-promoted Companies that are not PSUs 2% and private institutions and individuals 49%. The Kerala Chief Minister V. S. Achuthanandan has been chosen as the Chairman of the Company and the following are the Director board members:
- Shri Kodiyeri Balakrishnan, Hon'ble Minister of Home, Tourism & Vigilance
- Dr. T.M.Thomas Isaac, Hon'ble Minister of Finance
- Shri K.P.Rajendran, Hon'ble Minister of Revenue
- Shri Elamaram Kareem, Hon'ble Minister of Industries
- Shri A.K.Dubey, Additional Chief Secretary(Finance
- Dr.V Venu IAS, Secretary(Tourism)
- Shri S Ramnath, Managing Director, KINFRA
- Shri V Thulasidas, Managing Director, KIAL
How to apply for Kannur International Company Limited (KIAL) Equity shares?
Write an application in a white Paper including your Full address , Phone Number, email ID, contact address, date of birth and profession along with Number of Shares needed should be mentioned in the application. Application should send to below mentioned address with Demand draft of 25% of the Amount of shares ready to purchase and copy of your pan card. Suppose you want to buy minimum 2001 shares you must take and attach Demand draft of INR 50,025. Only the applications for shares of minimum Rs.2,00,100 will be consider, rest will be rejected. Without DD and incomplete applications will not be considered.
DD should be taken drawn in favour of Kannur International Airport Limited, payable at Thiruvananthapuram and send with application in address which is mentioned below before January 31. DD amount is refundable without any interest in the case of non allotment or partial allotment due to any reason
Minimum requirements of an applicant who want to buy Kannur International Company Limited (KIAL) Equity shares?
- Applicants should have Pan Card
- Applicants should apply for Minimum Quantity of 2001Equity shares
- Should pay the 25% of total Amount INR 200100 along with application for minimum quantity of shares.
- Amount allocated on application: 25% of the Face Value
- Payment method: Payable by Demand Draft (DD) drawn in favour of Kannur International Airport Limited, payable at Thiruvananthapuram. This is refundable without any interest in the case of non allotment or partial allotment due to any reason
- Payment of Balance Amount: On allotment (balance 75% of face value)
- Closing Date: 31st January 2011
Address to which applicants need to send for Kannur International Company Limited (KIAL) Equity shares
Kannur International Airport Ltd
"Parvathy" ,TC 36/1
Chacka, NH By Pass
Thiruvananthapu ram - 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.
for more details Kannur International Airport official website
Comments (3)
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sunny
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Kuwait
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Chartered Holdings India P Ltd
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