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Showing posts with label IDFC. Show all posts
Showing posts with label IDFC. Show all posts
Tuesday, October 30, 2012
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Sunday, November 27, 2011
IDFC to issue tax saving infra bonds
Infrastructure Development Finance Company Ltd has announced a Public Issue of long term infrastructure bonds. The fresh issue of Tranche 1 bonds will open for subscription on 21 November, 2011 and close on 16 December, 2011 or ealier as may decided by the Board of the Company. The Tranche 1 bonds are proposed to be listed on National Stock Exchange of India Ltd and BSE Ltd. The bonds will be issued in one or more tranches not exceeding Rs50bn for fiscal 2011-12. The first tranche bonds will carry interest rate of 9% per annum. The bonds will be issued in one or more tranches not exceeding Rs50bn for fiscal 2011-12. The funds raised through the Tranche 1 bonds issue will be utilized towards "Infrastructure bonds" as defined by Reserve bank of India as defined by Reserve Bank of India in the Regulations issued by it from time to time, after meeting the expenditures of and related to the issue.
Saturday, September 10, 2011
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