India Infrastructure Finance Company Limited (IIFCL) has announced a public issue of long term infrastructure bonds to raise an amount of up to Rs 1,200 crore, in one or more tranches, in the financial year 2010-11. The Issue proceeds are proposed to be used for the Company’s infrastructure lending activities.
Issue Opens : 4th Feb 2011
Issue Closes : 4th March 2011
(Or on such earlier date or extended date, as may be decided by the Board.)
Investment Option:
Listing:
The Bond is proposed to be listed on the Bombay Stock Exchange (“BSE”). They are subject to statutory lock-in for a period of five years from the deemed date of allotment. Trading is permitted in dematerialized form only following expiry of the Lock-in Period.
Tax Benefits:
Tax benefits u/s 80 CCF of the Income Tax Act, 1961 – an investor would be entitled to tax deduction in computing the taxable income on investment of upto Rs 20,000/-. This deduction shall be over and above the Rs. 1,00,000/- deduction available under section 80C, 80CCC & 80CCD read with section 80CCE.
Tax benefits would be available only to Resident Individuals (Major) and HUFs.
Credit Ratings:
Credit Ratings of “AAA/Stable” by CRISIL and CARE indicating highest safety with regard to timely servicing of bonds.
Note : Bonds are likely to be issued either in demat form or physical form at the option of bondholders.
Documents needed to buy these bonds :
For Demat Mode : Pan Card Copy only.
For Physical Mode: (All documents are self attested.)
1. Pan Card Copy
2. Address Proof
3. Copy of Cheque or Cancel cheque of the bank account to which the amounts pertaining to payment of
Refunds, interest and redemption as applicable should be credited
To invest in these Bonds you can Contact :
Sudhansh Arora
9999 97 2859
9999 73 2859
Issue Opens : 4th Feb 2011
Issue Closes : 4th March 2011
(Or on such earlier date or extended date, as may be decided by the Board.)
Investment Option:
Listing:
The Bond is proposed to be listed on the Bombay Stock Exchange (“BSE”). They are subject to statutory lock-in for a period of five years from the deemed date of allotment. Trading is permitted in dematerialized form only following expiry of the Lock-in Period.
Tax Benefits:
Tax benefits u/s 80 CCF of the Income Tax Act, 1961 – an investor would be entitled to tax deduction in computing the taxable income on investment of upto Rs 20,000/-. This deduction shall be over and above the Rs. 1,00,000/- deduction available under section 80C, 80CCC & 80CCD read with section 80CCE.
Tax benefits would be available only to Resident Individuals (Major) and HUFs.
Credit Ratings:
Credit Ratings of “AAA/Stable” by CRISIL and CARE indicating highest safety with regard to timely servicing of bonds.
Note : Bonds are likely to be issued either in demat form or physical form at the option of bondholders.
Documents needed to buy these bonds :
For Demat Mode : Pan Card Copy only.
For Physical Mode: (All documents are self attested.)
1. Pan Card Copy
2. Address Proof
3. Copy of Cheque or Cancel cheque of the bank account to which the amounts pertaining to payment of
Refunds, interest and redemption as applicable should be credited
To invest in these Bonds you can Contact :
Sudhansh Arora
9999 97 2859
9999 73 2859
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