Here is my view on investing in Kannur International Aiport Limited (KIAL) shares
Please find the documents below and the letter from KIAL
We noted your expression of interest to purchase equity shares of Kannur Airport. The shares of Kannur Airport were allotted to us and we are willing to sell the same at face value itself. The minimum lot for sale is 500 equity shares and in the multiples of 100 thereafter.
It may be noted that the the transfer of shares can be effected only in dematerialised format. As such, it is requested to provide us your demat account details as required in Annexure 1 attached herewith.
DD/ Cheque favouring Kannur International Airport Promotion Society payable at Thiruvananthapuram. Please note that DD/Cheque from NRO Account/ Exchange Company will not be accepted.
Amount will be – No. of shares x Rs. 100 (Face Value) + Rs. 100 service charge.
For Eg: For purchasing 500 shares = 500 Shares X Rs. 100 = Rs. 50,000 + Rs. 100 = Rs. 50,100/-.
Non Residents remitting fund from their NRE account should forward us duly filled and signed Annexure 2,3 and 4 also, attached herewith.
(Annexure 4 to be attested by the Bank Manager where you have NRE account) .
NB: PLEASE NOT THAT SHARES WILL BE TRANSFERRED SUBJECT TO AVAILABILITY. IF WE ARE NOT ABLE TO TRANSFER THE SHARES, THE MONEY WILL BE REFUNDED.
Kindly send the documents to the below mentioned address:
Kannur International Airport Promotion Society
T.C 84/3, First Floor, Chacka, N H Bypass