Housing & Development Corporation (HUDCO) tax free bond issue to raised 4809 Cr. will open for subscription on September 17, 2013 till October 14 2013. The core issue size will be 750 Cr with an option to retain of up to Rs. 4809.20 Cr.
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[wptabtitle] Product Note[/wptabtitle] [wptabcontent]Issue Highlight -Tranche 1 [ws_table id=”213″]
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Issue Structure –
Retail Investor : ” HUDCO Tax Free Bond 2013-14 – Escrow Account – R “
Repatriation basis : “ HUDCO Tax Free Bond 2013-14 – Escrow Account – NR – Repat “
Non Repatriation basis: ” HUDCO Tax Free Bond 2013-14 – Escrow Account – NR – Non-Repat “
Note : Application will be rejected if banked without uploading in the electronic system of the recognized stock exchange. (Bidding process)
Bankers : Axis Bank, Kotak Bank , HDFC Bank, IDBI Bank, ICICI Bank, IndusInd Bank , SBI , Union Bank , PNB, Yes Bank [/wptabcontent]
[wptabtitle] About Issue[/wptabtitle] [wptabcontent]About the Issuer
HUDCO is a public sector company fully owned by Govt. of India for financing of housing and urban infrastructure activity in India. HUDCO was incorporated on April 25, 1970 under company Act 1956.
The cardinal objective of HUDCO is to undertake housing and urban infrastructure development programs in the country provide long-term finance for construction of houses for residential purposes in urban and rural areas and finance of undertake, the setting up of the new or satellite towns and industrial enterprise for building material . Business is broadly classified into following two platforms : Housing finance & Urban Infrastructure finance.
Benefit to Investor
- The Income by way of Interest on these Bonds is fully exempt from Income Tax as per provision under section 10(15) (iv) (h) of IT act.
- No TDS
- Capital Gain Benefit – capital gain arising on the transfer of listed bonds shall be taxed @ 10% without Indexation or @20% with Indexation.
[wptabtitle] How to Apply[/wptabtitle] [wptabcontent]
Brokerage Structure for Issue
Listing Date :
Allotment Date :
HUDCO Tax Free Bond Tranche I – Allotment Details :
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Registrar of Issue :
After issue closed updated
Trustee for Bondholders : SBICap Trustee Company Ltd
Depositories : NSDL & CDSL
Application Form & Investment Call : Rajendra 7719917444