HUDCO raises Rs 2,216 crore from tax-free bonds issue

Last Updated: Monday, February 11, 2013, 16:17

The issue, which was launched on January 9, closed on February 7. The size of issue size was Rs 750 crore, with an option to retain over-subscription up to Rs 5,000 crore.

Withdraw MAT on SEZs: Assocham

Last Updated: Friday, February 1, 2013, 19:49

The government should consider withdrawal of Minimum Alternative Tax (MAT) on the tax free zones to give a boost to the sector and exports, Industry body Assocham said on Friday.

FinMin unlikely to allow PSUs to issue tax-free bonds in FY14

Last Updated: Sunday, January 20, 2013, 11:13

Although the primary objective of tax-free bonds is to encourage state-owned companies to invest in long-term infrastructure projects, they are mostly parking the funds in debt instruments to earn interest income.

FinMin unlikely to allow PSUs to issue tax-free bonds in FY14

Last Updated: Sunday, January 20, 2013, 11:12

The Finance Ministry may not allow state-owned companies to float tax-free bonds in the forthcoming Budget as they have not been utilising the funds raised through these instruments for infrastructure development.

Indian Railway Fin Corp to raise Rs 8,886cr via tax-free bonds

Last Updated: Tuesday, January 15, 2013, 19:52

The issue of tax free, secured, redeemable, non-convertible bonds with a face value of Rs 1,000 will close on January 29, the company said in a statement.

HUDCO gets Rs 172 cr subscription on 1st day of tax-free bonds

Last Updated: Wednesday, January 9, 2013, 16:00

The bond issue carries a coupon rate of 8.01 percent per annum for 15 years.

Allow us to issue tax-free bonds: Bankers to govt

Last Updated: Tuesday, January 8, 2013, 10:36

Bankers have demanded that commercial banks in the country should be allowed to issue tax-free infrastructure bonds and the lock-in period for tax saving deposits brought down to three years from five.

HUDCO to raise Rs 750 crore through tax-free bonds

Last Updated: Friday, January 4, 2013, 20:49

The bond issue will open on January 9 and close on January 22. The face value of each bond is Rs 1,000.

HUDCO to launch tax-free bonds issue to raise up to Rs 5,000 cr

Last Updated: Sunday, December 30, 2012, 11:58

For retail investors, the bond issue carries a coupon rate of 8.01 percent per annum for 15 years maturity period and 7.84 percent for 10 years. An investment up to Rs 10 lakh would qualify under retail category.