CIAL's right issue to begin soon

Q: Hey, a friend who works for Cochin International Airport Limited told me that CIAL has decided on rights issue is to open soon. Can i get some details about the same?

Arjun Sridhar, Kochi

30th March 2015

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Replies (9)

Did you know that during the period, the shareholders were also allotted 250 shares at a price of Rs. 10 each. If you want to invest in this, you can go ahead and start arranging the finance.

Kunal Pillai, Kochi

4th April 2015

Comment

The airport company could return double the amount of Rs.2500 it had received in 1994 from each of the individual investors in the form of deposits received under the Kisan Vikas Pathra scheme.

Rajiv Unnithan, Kochi

3rd April 2015

Comment

The total number of subscribed shares of the CIAL stands around 30.61 crore as on March 31, 2014. With a face value of Rs.10, the share value of CIAL has been on an upswing since 1999, when the airport became operational and stands about 20 times higher

Nathan Saldanha, Kochi

2nd April 2015

Comment

The company has 9.4 crore of unsubscribed shares after it settled the debt-equity conversion dispute with the Housing and Urban Development Corporation (Hudco) two years ago and it is expecting to raise around 382.5 crore by way of rights issue allotment.

Suneel Chakyar, Kochi

1st April 2015

Comment

A formal decision with regard to issuing rights shares was taken during the 20{+t}{+h}annual general meeting of the company held last year in Kochi.

Krishna Abhijath, Kochi

1st April 2015

Comment

Yeah, this is because the government, a majority stakeholder in the company, has to make a contribution of Rs.138 crore towards the rights issue, according to some company sources.

Micheal George, Kochi

31st March 2015

Comment

The issue of rights share at a proportion of 4:1 (one share per holding of four shares) and at a price of Rs.50 will commence once the State Budget for the fiscal 2014- 15 is passed in the Assembly.

Vivek Varrier, Kochi

31st March 2015

Comment

A decision in this regard was taken during a director board meeting of the airport company held in Thiruvananthapuram on March 27. Is that what you are looking for?

Naresh Valiathan, Kochi

31st March 2015

Comment

Well, i can tell you that the Cochin International Airport Limited will start issuing the rights share for around 18,000 shareholders from July onwards. I hope that this helps you find what you are looking for.

Naresh Valiathan, Kochi

30th March 2015

Comment