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Indian Railway Finance Corporation offers tax-free bonds
Indian Railway Finance Corporation Limited (IRFC), the financing arm of Indian Railways, is proposing to issue tax free, secured, redeemable, non-convertible bonds of face value of Rs. 1,000 each in the nature of debentures, having benefits under Section 10(15)(iv)(h) of the Income Tax Act, 1961. The Issue will open for subscription on January 27 and close on February 10 or earlier (subject to the
Indian Railway Finance Corporation Limited (IRFC), the financing arm of Indian Railways, is proposing to issue tax free, secured, redeemable, non-convertible bonds of face value of Rs. 1,000 each in the nature of debentures, having benefits under Section 10(15)(iv)(h) of the Income Tax Act, 1961. The Issue will open for subscription on January 27 and close on February 10 or earlier (subject to the
REC may raise Rs 4K cr via tax-free bonds
Rural Electrification Corporation (REC) plans to raise close to Rs 4,000 crore through tax-free bonds by the end of March. The power sector lender would be looking to use the unissued portion of
Infra bond tax gain may stay
The finance ministry may extend tax benefits for investment in infrastructure bonds for one more year. But the limit ofRs 20,000 may not change, despite appeals from the industry.
The finance ministry may extend tax benefits for investment in infrastructure bonds for one more year. But the limit ofRs 20,000 may not change, despite appeals from the industry.
Hudco to woo investors with high coupon rate
Though Housing and Urban Development Corporation (Hudco) would begin issuing tax-free bonds on the same date as Indian Railways Finance Corporation (IRFC), it would offer a higher coupon rate. Both
IRFC bond curtails listing gains for retail investors
The Rs 5,000 crore Indian Railways Finance Corporation (IRFC) bond, scheduled to open on January 27, has sprung a surprise in its prospectus.
The Rs 5,000 crore Indian Railways Finance Corporation (IRFC) bond, scheduled to open on January 27, has sprung a surprise in its prospectus.
PFC bonds emulate NHAI success
The success of the tax-free bond issue by the National Highways Authority of India (NHAI) has been repeated by Power Finance Corporation (PFC)’s tax-free bond issue of Rs 4,033 crore, which
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