KOCHI: Small and even some big individual shareholders of Cochin International Airport Ltd (CIAL) have demanded the airport to launch its initial public offerings (IPO), and are set to raise the issue during its annual general meeting (AGM) on September 29.
Investors argue that the CIAL has been promising the IPO to unlock the share value after it first raised funds from individuals for the airport project in the 1994-99 period. Some of the big individual investors such as N V George (aka George V Nereparambil), founder of Geo Group of Companies, frustrated with holding on to the shares for over two decades, have sold a large chunk of his shares in private transactions.
