Kannur airport: Face value of a share is Rs 100The state government began share allotment for the Kannur airport through private participation. The face value of a share is Rs 100. The director board of the Kannur airport had decided to consider only those applications which can subscribe to a minimum share of Rs 2.01 lakh.
The application must be sent in a white paper. The application showing the number of shares needed with complete address and phone number, must be sent along with a DD for 25% of the amount of the share money. That is, those who are planning to buy stake for Rs 200, 100 should send 25 % as DD Rs 50, Rs 25 in favour of `Kannur International Airport Limited' payable at Thiruvananthapuram. The application along with the DD should reach the Kannur International Airport Limited, Parvathi, TC/36/1, NH Bypass, Chakka, Thiruvananthapuram-695024 on or before January 31.The share holder can not sell the shares for five years.
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