L&T Infrastructure Finance Company Limited, a 100% subsdiary of L&T Limited and registered with RBI as an Infrastructure Finance Company has come out with a public issue of Tax Saving Bonds.
- Issue open already & closes on 02/11/2010.
- Issue size of Rs.200 Crs. with an option to retain oversubscription upto Rs.500 Crs.
- Income Tax benefit u/s. 80-CCF upto Rs.6,180/- for an investment of Rs.20,000/-
- The Income Tax benefit is over and above 80-C, 80-CCC & 80-CCD.
- Face Value of the Bond is Rs.1,000/- and minimum investment should be 5 Bonds
- Maturity after 10 years & Lock in period is 5 years.
- Buyback option available after 5 years & 7 years.
- 7.50% interest under 5 year buyback option & 7.75% interest under 7 year buyback option.
- Physical & Demat options available. NO TDS for interest under Demat option.
- "CARE AA+" rating by CARE & LAA+ rating by ICRA.
- Very attractive tax adjusted yield of more than 17% ( Annual interest / 5 year buyback option )
For more information, Please Click here.
For further informations and application forms, kindly contact your nearest branch of Integrated. For list of branches visit http://www.iepindia.com/contact.aspx
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