Rural Electrification Corporation (REC) is coming out with the first tax free bond issuance of this fiscal to raise 1000 Cr. with an over subscription option of 3850 Cr aggregated 4850 Cr. Investor in high Tax bracket effective yield comes to 12.44%.
Issue Closes on 17th September 2013 –
Allotment Done – 26 Sep 2013 check your dmat a/c
Listing Date – 30 Sep 2013 [wptabs style=”smoothness” mode=”horizontal”]
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[wptabtitle] Product Note[/wptabtitle] [wptabcontent]Issue Highlight -Tranche 1 [ws_table id=”199″]
Issue Structure –
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Cheque Details-
Retail Investor :
Bankers : [/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.
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[wptabtitle] Allotment/Listing[/wptabtitle] [wptabcontent]
Listing Date :
Allotment Date :
REC Tax Free Bond Tranche I – Allotment Details :
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Registrar of Issue :
Karvy Computershare Pvt Ltd
Depositories :
NSDL & CDSL
Are you interested to know brokerage structure,mail : rajendra @puneinvest.com
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REC Tax Free Bond Application Form & Investment Call : Rajendra 7719917444