Save Tax upto Rs 6,180 - L&T Infra Tax Saving Bonds (Offer Closes 02 November): Sharekhan


L & T Infrastructure Finance Company Limited

Issue Highlights:

Bonds offer an additional window of Tax deduction of investments of up to Rs 20,000 which result in attractive yield to investors.
The deduction is over and above the Rs 1,00,000 deduction available under section 80C, 80CCC & 80CCD read with section 80CCE
The bonds will be issued in either Demat form or physical form at the option of bondholders
Investor can mortgage or pledged these bonds to avail longs after the lock-in period.

Issue Summary:
Issue Opens: October 15, 2010
Issue Closes: November 02, 2010
Registrar: Sharepro Services (India) Pvt. Ltd.
Debenture Trustees: Bank of Maharashtra
Credit Ratings:
CARE RATING: CARE AA+
ICRA RATING: LAA+
Series 1 2 3 4
Face Value per Bond Rs 1000
Interest / Coupon Rate 7.75% p.a. 7.75% p.a. compounded annually 7.50% p.a. 7.50% p.a. compounded annually
Frequency of Interest Payment Annual Cumulative Annual Cumulative
Minimum Application 5 bonds, Applicant may choose to apply for five (5) Bonds of the same series or five (5) Bonds across different series.
Time of Maturity 10 Years
Time of Buyback 7 Years 7 Years 5 Years 5 Years
Maturity Amount 1000 2110 1000 2061
Buyback Amount 1000 1687 1000 1436
Tax Rate Yield to the Investors on Maturity (with Tax Benefits u/s 80CCF)
10.30% 9.38% 8.93% 9.11% 8.67%
20.60% 11.29% 10.26% 11.00% 10.01%
30.90% 13.58% 11.81% 13.25% 11.55%
Tax Rate Yield to the Investors on Maturity (with Tax Benefits u/s 80CCF)
10.30% 9.86% 9.44% 10.23% 9.86%
20.60% 12.31% 11.36% 13.42% 12.58%
30.90% 15.23% 13.59% 17.20% 15.75%


0 comments:

Post a Comment

All comments are moderated. Please post no spam

Disclaimer & Privacy Policies

(c) Mrs. Ruby Christy. This site and contents are owned by Mrs. Ruby Christy;
Use of this website and/or services offered by us indicates your acceptance of our Disclaimer& Privacy Policies.

Information and opinions provided on this website (www.investchips.com) has been independently obtained from sources believed to be reliable. However, such information may include inaccuracies, errors or omissions. Investchips.com and its affiliates, information providers or content providers and R.John Christy and his Family shall have no liability to you or third parties for the accuracy, completeness, timeliness or correct sequencing of information available on this website or feeds, or for any decision made or action taken by you in reliance upon such information, or for the delay or interruption of such information. Investchips.com,its affiliates, information providers ,content providers and R. John Christy and his Family shall have no liability for investment decisions or other actions taken or made by you based on the information provided on this website. Any action you choose to take in the markets is totally your own responsibility. Investchips.com and R. John Christy and his Family will not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. This information is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. Opinions expressed by R. John Christy are his own and not of his past, present and future employers.
The DoubleClick DART cookie is used by Google in the ads served on this websites displaying AdSense for content ads. When users visit this website and either view or click on an ad, a cookie may be dropped on that end user's browser.
  • Google, as a third party vendor, uses cookies to serve ads on this site.
  • Google's use of the DART cookie enables it to serve ads to your users based on their visit to this site and other sites on the Internet.
  • Users may opt out of the use of the DART cookie by visiting the Google ad and content network privacy policy.
  • www.investchips.com never collects any personal information of visitors.