After REC-India now Power Finance Corporation Of India Limited will issue Tax free bonds having details as below – PFC – Tax Free Bonds Details – Issue Open Date – December 14, 2012. Issue Close Date – December 21, 2012. Issue Price – 1000/- Min Application Amount – 5000/-. PFC Interest Rates – Series Tranche…
REC-Tax Free Bonds March 2012:
// There is an important amendment for REC Tax Free Bonds.As per Gazette Notification issued by the Ministry of Finance,”Any individual investing upto Rs 5 lakh in REC Tax Free Bonds will be treated as retail investor and investing more than 5 lakh will be treated as HNI” (It was earlier declared as 1 lakh)…
IRFC Tax Free Bonds:
The financing arm of Indian railways “Indian Railway Finance Corporation Ltd” has come up with a issue of Tax free bonds with following details.It is infrastructure finance company and 100% shareholding held by Govt Of India. IRFC Issue Details: Issue Open date: 27th Jan 2012. Issue Close Date:10th Feb 2012. Secured NCDs having tax benefits…