REC launched Tax Free Bond Issue Tranche II
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[wptabtitle] Product Note[/wptabtitle] [wptabcontent]Issue Highlight -Tranche II [ws_table id=”103″]
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 :
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.
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]
Listing Date : April 2, 2013
Allotment Date : Mar 25, 2013
REC Tax Free Bond Tranche II – Allotment Details :
[ws_table id=”147″]Allotment Details PDF Download
Registrar of Issue :
Karvy Computershare Pvt Ltd
Allotment link
Trustee for Bondholders :
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
