Tagged with:
ifci infrastructure bond •
infrastructure bondIFCI Tax Exemption Long Term Infrastructure Bonds
Issuer IFCI Limited
Offering 1,00,000 Unsecured, Redeemable, Non-Convertible, Taxable Bonds of Rs. 5,000/- each aggregating to Rs. 50 Crore with a green-shoe option to retain over-subscription for issuance of additional Infrastructure Bonds
Type Private Placement basis
Instrument Unsecured, Redeemable, Non-Convertible, Taxable Bonds having benefits under section 80 CCF of the Income Tax, 1961 for long term Infrastructure Bonds
Rating BWR AA- by BRICKWORK RATINGS INDIA PVT LIMITED
Eligible Investors Resident Indian Individual (Major) and HUF through Karta of the HUF
Security Unsecured
Face Value Rs. 5,000/- per bond
Issue Price At par (Rs. 5,000/- per bond)
Minimum Subscription 1 Bond and in multiples of 1 Bond thereafter,
Tenure 10 years, with or without buyback option after five years
Options for Subscription
The Bonds are proposed to provide the following options-
• Option I – Non-cumulative and Buyback after 5 years
• Option II – Cumulative and Buyback after 5 years
• Option III – Non-cumulative and no Buyback
• Option IV – Cumulative and no Buyback
Redemption / Maturity
At par at the end of 10th year from the deemed date of allotment. For Cumulative Option, at par with cumulated interest thereon.
Coupon rate
• Option I & II- 7.85% p.a.
• Option III & IV – 7.95% p.a.
In case of cumulative bonds, interest shall be compounded annually
Listing Proposed to be listed on BSE
Trustee Axis Trustee Services Limited
Depository National Securities Depository Ltd. and Central Depository Services (India) Ltd.
Registrars Beetal Financial & Computer Services (P) Ltd.
Mode of Payment
Interest payment will be made through ECS/At Par Cheques/Demand Drafts
Issuance Demat form only
Trading Demat mode only
Issue Open Date August 9, 2010
Issue Close Date August 31, 2010
• The issuer would have an option to pre-close the issue by giving 1 day notice to the Arrangers
Deemed Date of Allotment September 15, 2010
Application form can be downloaded here.
Tagged with:
advance taxWe all saw thwe market enjoyed the advance tax payment info and reliable sources say these as the story.
>M&M paid an advance tax Rs 112 crore vs Rs 17.5 crore in the previous quarter.
>TCS it was Rs 220 crore vs Rs 53 crore (QoQ).
>SBI’s advance tax figures stood at Rs 1,832 crore vs Rs 1,068 crore (QoQ).
>RIL’s advance tax figures were Rs 1157 crore vs Rs 314 crore (QoQ).
>Tata Motors paid advance tax of Rs 100 crore in the second installment, much higher than Rs 19 crore last year
>Bank of Baroda paid Rs 412 crore compared to Rs 255 crore
>Yes Bank paid Rs 58 crore as against Rs 33 crore
>BPCL paid 312 crore rs against 40 crore.
>Lupin paid Rs 49.7 crore respectively as against 11.4 crore.
>Ambuja Cements paid an advance tax of Rs 150 crore for the July-September quarter vs Rs 70 crore in the previous quarter.
Tagged with:
advance tax •
Income TaxAdvance Tax Payment information was announced yesterday and its not as expected .
> State Bank of India Paid advance tax of Rs 1,810 crore.
> Bank of Baroda paid Rs 280 crore,
> HDFC Bank paid Rs 275 crore,
> Dena Bank paid Rs 75 crore and
> IndusInd Bank paid Rs 26 crore.
> In foruth Qtr Indian Oil Corporation’s (IOC) paid Rs 150 crore,
> Reliance Industries’ at Rs 370 crore
> Larsen and Toubro’s at Rs 245 crore.
> LIC Housing Finance Ltd, paid Rs 245 crore.
Tagged with:
advance taxAdvance Tax info kind of boosted the market today and for everypne it was kind of surprice you can see the numbers below to feel it .
Advance Tax paid by Bluechips
ICICI Bank Paid Rs 470 crore compared to 500 crore previous year.
Reliance Industries Ltd’s paid Rs 440 crore compared to Rs 546 crore previous year
I know this two was kind of less compared to previous.
> State Bank of India paid 1,700 crore rs compared to Rs 1,088 crore previous year.
>HDFC paid 279 crore rs compared to Rs 215 crore in previous year.
When i say previous year its previous year december ending QTR and not the whole year.
Tagged with:
advance tax •
company tax •
taxToday the global turmoil was not only the reason but also the advance tax info that was out was not really good for every company for example if we see from the info that’s floating around the web .
September 2008 Quarter Advance Tax Details
>Reliance industries paid only 683 crore compared to 650 crore in September 2007.- Disappointing
>ICICI Bank Paid 575 crore compared to 450 in September 2007
>SBI Paid like 50 percent more than September 2007 from 1050 to 1560
> HDFC from 200 to 290 crore in September 2008.
>Ambuja cement infact less than 2007 September from 200 to 175 crore.
> IDBI from 3 to 20 crore in September 2008.
>Videocon from 20 to 25 crore in September 2008.
>Wockhardt was disappointing it paid only 2.5 crore compared to 10 crore in September 2007.
Subscribe to Rupya
