Ennore Port Ltd Tax Free Bond – Issue open 18 Feb 2014 Ennore Port is coming out with a Tax Free, Secured, Redeemable bond issue face value 1000 each, aggregating to 500 Cr.
[wptabs style=”wpui-green” mode=”horizontal”] [wptabtitle] Product Note[/wptabtitle] [wptabcontent]
Ennore Port Tax Free Bond Issue Highlight – [ws_table id=”365″] *** option for early closer (If Issue Subscribe fully then Issue close one day notice)
Limit for Retail Investor is 10 lakhs (Cat IV)
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Allotment First come First Serve Basis
Ennore Port Ltd Tax Free Bond Interest Rate Chart[ws_table id=”366″]
NRI not allow to invest in this Issue
Retail Investor : Ennore Port Tax Free Bond 2014 – Escrow Account
Note : Application will be rejected if banked without uploading in the electronic system of the recognized stock exchange. (Bidding process)[/wptabcontent]
[wptabtitle] About Issue[/wptabtitle] [wptabcontent]
About the Issuer -Ennore Port Ltd
The Company was incorporated on Oct 11, 1999 as a public limited company under the Companies Act 1956 and received a certificate for commencement of business on March 8, 2002. The Company is the first corporatized major port in the country and 12th major port in India. The Govt. of India incorporated the Company as a satellite port to the Chennai Port which was subsequently developed into a major independent port.
Benefit to Investor
- The Income by way of Interst on these Bonds is fully exempt from Income Tax as per provision under section 10(15)(iv)(h) of Income Tax Act.
- No TDS (Interst from Bond do not form part of Total Income)
- Capital Gain Benefit – Capital gain arising on the transfer of listed bonds shall be taxed @ 10% without Indexation or @ 20% with Indexation.
- Short Term Capital Gain on the transfer of listed bonds, where bonds are held for a period of not more than 12 months would be taxed at normal rates of tax in accordence with and subject to the Provision of the I.T. Act.
[/wptabcontent] [wptabtitle] Subscription Data[/wptabtitle] [wptabcontent]
Ennore Port Tax Free Bond Subscription Data . [ws_table id=”367″]
[wptabtitle] Allotment/Listing[/wptabtitle] [wptabcontent]
Source: Issue Prospectus
Disclaimer: “Invest only on the basis of prospectus”