❖ No TDS shall be deducted.
❖ The bonds will be listed on NSE & BSE and can be traded after the 5 year lock – in period.
❖ Investors can mortgage or pledge these bonds to avail loans after the lock-in period.
❖ Under Section 80 CCF of the I.T. Act, an investor in such infrastructure bonds will be entitled to tax deduction of investments of up to Rs. 20,000. The deduction is over and above the Rs. 1,00,000 deduction available under section 80C, 80CCC & 80CCD read with section 80CCE.
❖ Issue size: Rs. 3,400 cr in one or more tranches.
❖ Face value: Rs. 5,000.
❖ Minimum Application: Rs. 10,000 or 2 bonds.
❖ Lock-in Period: 5 years.
❖ Issue opens: 30th Sept 10
❖ Issue closes: 18th Oct 10
❖ Lead managers: ENAM Securities Private Limited, Citigroup Global Markets, Kotak Mahindra Capital Co.Ltd.
❖ Registrar: Karvy Computershare Pvt. Ltd. Debenture Trustees: IDBI Trusteeship Services Ltd.
CREDIT RATING BY ICRA : LAAA
ISSUE T&C :
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