Kannur International Airport Limited Unlisted Shares
Kannur International airport company overview:
Located at Kannur (at Mattanur), one of the northern districts in the state of Kerala, India, the Airport spreads for about 2,300 acres. This airport is owned by a public-private consortium, Kannur International Airport Limited (KIAL). The second greenfield airport to be built on a public-private platform in Kerala, the Kannur International Airport opened for commercial operations on 9th December 2018.
Under the supervision of the current Managing Director, Former Air India chief V.Thulasidas IAS, and chief minister of Kerala, Pinarayi Vijayan, as the chairman, KIAL’s principal investor is the Government of India, which owns 32.86% of the Kannur Aiport’s shares. The list of the Kannur Airport shareholders includes; the State and Central Public Sector Undertakings with 22.54%, Airports Authority of India with 9.39%, and other QIBs, Individuals, Companies, Cooperatives, Banks/Societies and legal entities which are approved by the Board of Direction own a combined share of 35.21%.
The company is expected to serve more than one million passengers annually, and the authorities estimate the number to increase by five-fold by 2025, which has benefited the Kannur airport share value.
Phase I and phase II:
The Phase I expansion period is from 2016-17 to 2025-26. It includes a 4,000 metres runway extension, a full-length taxiway, commissioning of a fuel farm, an aviation academy etc. and developing city side facilities. Works for the Phase-I expansion are already progressing. A cargo terminal and cargo complex which was initially in Phase-II has been shifted to Phase I and is under construction. The Phase II expansion will happen from 2026-27 to 2045-46. It includes another runway and a dedicated domestic terminal at Veliamparamba, and a long flyover.
There are total 17 members on the board of the company which includes Sri Pinarayi Vijayan as chairman, Sri. V. Thulasidas IAS (Retd.) as Managing Director, Nominee directors of AAI and BPCL, Sri M.A. Yusuffali, CMD, lulu group as a director etc.
Past performance of the company:
(All figures INR in lakhs except specifically mentioned)
Shareholding pattern as on 31.03.2019 as under:
Kannur International Airport Limited Unlisted Shares:
Latest news of the company:
Frequently Asked Questions (FAQs) on Kannur International Airport Limited unlisted shares:
1. How to buy Kannur International Airport Limited unlisted shares?
Step by Step process to buy Unlisted shares of Kannur International Airport Limited at the price today is as under:
Step 1: A deal is proposed between unlisteddeal and buyer either on WhatsApp or over email.
Step 2: Buyer provides their client master copy for transfer of shares, PAN card copy, Aadhar card copy and cancelled cheque. The deal gets confirmed once documents provided are in order.
Step 3: Buyer transfers deal amount to bank account details provided by us and provide us with remitter name, bank account number, bank name and UTR no. for the amount transferred to us.
Step 4:We shall transfer shares to buyer account on the same day of receipt of funds and raise contract note.
See the Infographic Flow for Buying the shares
2. How to sell Kannur International Airport Limited unlisted shares?
Step by step process to sell Unlisted shares of Kannur International Airport Limited unlisted shares is as under:
Step 1: A deal is proposed between unlisteddeal and seller either on WhatsApp or over email.
Step 2: Seller provides their client master copy, PAN card copy, Aadhar card copy, delivery instruction slip (DIS) copy and cancelled cheque copy. The deal gets confirmed once documents provided are in order.
Step 3: Seller transfer shares to details provided to them by us.
Step 4: We shall make payment to the seller on the same day of receipt of shares.
See the Infographic flow to sell the shares