HUDCO launched its 500 Cr Tax Free Bond Issue with an option to retain over subscription aggregating up to shelf limit of Rs. ————-Cr.
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[wptabtitle] Product Note[/wptabtitle] [wptabcontent]Issue Highlight -Tranche II [ws_table id=”98″]
Issue Structure –
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*Additional Interest of 0.50% p.a. shall only be available to the original Allottees under category IV. In the event of Sold/transfer , the Coupon rate shall stand revised to the coupon rate applicable for allottee falling under Category I, II , III.
Cheque Details-
Retail Investor : ” HUDCO Tax Free Bond 2012 – Escrow Account – R ”
NRI Investor : ” HUDCO Tax Free Bond 2012 – Escrow Account – NR ”
Bankers : Axis Bank, IDBI Bank, IndusInd Bank, Kotak Mahindra Bank, ICICI Bank, PNB, SBI, Union Bank, Yes Bank, HDFC Bank[/wptabcontent]
[wptabtitle] About Issue[/wptabtitle] [wptabcontent]
About the Issuer
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.
Issue Drawback
In case the Bonds held by the original Allottees under Category IV (Retail) are sold/transferred (except in case of transfer of Bonds to legal heirs in the event of death of original Allottee), the coupon rate shall stand revised to the coupon rate applicable for Allottees falling under Cat I,II,III portions
In simple word, additional 0.50% interest only for first investor, No benefit for Retail Investor buy from Open Market.
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[wptabtitle] Subscription Data[/wptabtitle] [wptabcontent]
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[wptabtitle] Allotment/Listing[/wptabtitle] [wptabcontent]
Registrar of Issue :
Karvy Computershare Pvt Ltd
Allotment link
Listing Details :
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Depositories :
NSDL & CDSL
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[wptabtitle] Downloads[/wptabtitle] [wptabcontent]
Document related to ongoing HUDCO Tax Free Bond Issue :
- HUDCO Tax Free Bond Tranche Prospectus
- HUDCO Tax Free Bond FAQ’s
- HUDCO Tax Free Bond Document Required
- HUDCO Tax Free Bond Banking Matrix
- HUDCO Tax Free Bond Application Form – Contact Us
Shortly Update Brokerage Structure about this product
Are you interested to know brokerage structure in your Inbox mail : rajendra @puneinvest.com
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