Tax Saving Bonds under Section 80 CCF : IDFC raises Rs 538 crore via infra bonds in first tranche

by khalid on 20/12/2011 · 2 comments

Infrastructure Development finance Company Limited (IDFC) has received a total subscription amount of approximately around Rs 538.08 crore (provisional) from approximately 2,70,000 investors (including resident Indian individuals and Hindu Undivided Families) through the public issue of first tranche of `Long Term Infrastructure Bonds` with a face value of Rs 5,000 each in the form of secured, redeemable, non-convertible debentures, having benefits under Section 80CCF of the Income Tax Act, 1961 (Bonds).

The first tranche of Bonds are being issued by the Company on the terms set out in the Shelf Prospectus and the prospectus tranche 1 filed with the ROC on November 11, 2011. The subscription amount collected through issue of the Tranche 1 Bonds for FY 2012 is approximately 14% more than the corresponding subscription amount collected through the issue of first tranche of the tax-saving long term infrastructure bonds in November, 2010, for FY 2011.

IDFC got the Infrastructure Finance Company (IFC) status within the NBFC category from the Reserve Bank in June 2010. The Company had successfully raised Rs 14.51 billion from over 7,30,000 retail investors through the issue of the long-term infrastructure bonds in Fiscal 2010-11.

Bonds Summay :-

Issue Opens : 21st Nov. 2011.

Issue Closes : 16th Dec. 2011

Face Value : Rs 5000 per bond

Mode of holding : Demat or Physical

Credit Rating : “AAA” From ICRA and FITCH

Lock in period is 5 years from date of allotment

Registrar of Issue : Karvy Computershare Private Limited, Hyderabad

Lead Managers of Issue : ICICI Securities, JM Financial Consultants, Karvy Investor Services Limited, Kotak Mahindra Capital Company and IDFC Capital.

Co-lead Managers of Issue : Bajaj Capital, RR Investors Capital Services and SMC Capitals.

Stay tuned to BelltheBull Blog for more news from Infrastructure Development Finance Company Ltd (IDFC) !

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Amit Surpuriya January 5, 2012

FOR APPLICATION OF ALL INFRASTRUCTURE BONDS – CONTACT – AMIT SURPURIYA – 9850873688 – PUNE

KSHITIJ FINANCIAL SERVICES
MUTUAL FUNDS| BONDS | INFRASTRUCTURE BOND | 54 EC CAPITAL GAIN BONDS | COMPANY FIXED DEPOSITS |DEBENTURES

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venkat January 5, 2012

For Infrastructure bond processing, Please call me at 9241545354 (For Bangalore only)

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