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Puneinvest > Blog > Tax Free Bonds > NTPC Tax Free Bond Issue 7.62% – Sep 2015
Tax Free Bonds

NTPC Tax Free Bond Issue 7.62% – Sep 2015

Last updated: 2020/11/23 at 5:21 PM
Rajendra Todkar Published September 20, 2015
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NTPC Tax Free Bond – Issue open  23 Sep 2015 & Close on 30 Sep 2015

NTPC  is coming out with a Tax Free, Secured, Redeemable non-convertible bond  for an amount of Rs. 400 Cr.with an option to retain of up to 300 Cr. for issuance  of additional bonds aggregating to a total of  up to Rs. 700 Cr  during fiscal 2016.    ISSUE FULLY SUBCRIBE

 [wptabs style=”wpui-green” mode=”horizontal”]

[wptabtitle] Product Note[/wptabtitle] [wptabcontent]

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Issue Highlight – [ws_table id=”716″]

NTPC Issue Structure –

[ws_table id=”717″]

Cheque Details-

Retail Investor  :     ” NTPC Bonds 2015  Escrow Account “

NRIs (non-repatriation basis)  :  ” NTPC Bonds 2015 Escrow Account NRI ” 

[/wptabcontent]

[wptabtitle] About Issue[/wptabtitle] [wptabcontent]

About the Issuer

NTPC is largest  power producer in India in term of both install capacity and generation, with aggregate install capacity of 44,398 MW as on March, 2015

Tax Benefit to Investor

Under the current Tax laws, the following possible Tax benefits, inter alia, will be available to the Bond Holder.

  • Interest from Bonds do not from part of  Total Income
  • Since the Interest Income on the Bonds is exempt, no tax deduction at source ( TDS ) is required. However interest on application money would be liable for TDS as well as would be subject to tax as per present Tax law.
  • Long Term Capital Gain – capital gain arising on the transfer of listed bonds shall be taxed @ 10% without Indexation or @20% with Indexation. (for Long Term Capital Gain -more than 12 months)
  • Short Term Capital Gains – on the transfer of listed bonds, where bonds held for a period of not more than 12  month would be taxed at the normal rates of tax in accordance with and subject to the provision of the Income Tax Act, 1961.

 

[/wptabcontent]

[wptabtitle] Subscription Data[/wptabtitle] [wptabcontent]

BASIS OF ALLOTMENT

 [ws_table id=”720″]

[ws_table id=”722″]

[/wptabcontent]

[wptabtitle] Allotment/Listing[/wptabtitle] [wptabcontent]

 

NTPC Allotment Details – 

[ws_table id=”723″]

[ws_table id=”724″]

[/wptabcontent]

Call  for Investment : Rajendra  – 7719917444

Mail ID  : rajendra@puneinvest.com

[/wptabs]

Call  for Investment : Rajendra  – 7719917444

Mail ID  : rajendra@puneinvest.com

 Mumbai Pune, Satara, Kolhapur, Solapur , Ahmednagar Collection facility available 

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