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Issue Highlights :
ü | Secured, redeemable, non-convertible debentures with tax benefits under The Income Tax Act, 1961 |
ü | Rated “AAA” by CRISIL, CARE & FITCH respectively |
ü | Interest Income on the Bonds is tax-free in nature |
ü | Various Modes of Interest Payment |
ü | Option of Issuing either in Demat or physical form |
ü | *Allotment on 1st come 1st serve basis for Category I & II |
ü | NRIs can apply on repatriable and non repatriable basis |
ü | To be listed on NSE & BSE |
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About the Company
- Autonomous Body of Govt. of India under the Ministry of Road, Transport & Highways
- Aims to survey, develop, maintain & manage National Highways
- Awarded 141 BOT Toll based contracts worth Rs 1,04,984 crores as on March 31, 2011
- Shareholders fund- Rs 55,607.04 crores as on August 31, 2011
- Debt capital Ratio- .11% as on June 30, 2011
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. Details of the issue :.
Particulars | Series 1 | Series 2 |
Tenure | 10 years | 15 years |
Issue Opens | 28th December 2011 |
Issue Closes | 11th January 2012 |
Issue Size | Issue aggregating to Rs 50000 lakhs |
Rate of Interest | 8.20% p.a. | 8.30% p.a. |
Interest payment | Annual |
Rating | CRISIL "AAA", CARE "AAA" (IND) & FITCH "AAA" (IND) |
Face Value | Rs. 1000 |
Who can apply | Resident Individuals/HUF/QIBs/Corporates/NRIs(both NRE & NRO) |
Redemption | 10 years from the deemed date of allotment | 15 years from the deemed date of allotment |
Listing | BSE & NSE |
Minimum Subscription | Rs. 50,000 |
Registrars | MCS Limited |
Maturity Amount | Repayment of the Face Value plus any interest that may have accrued at the Redemption |
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Basis of Allotment:
Category | Portion | Allotment Basis | Size (%) |
QIBs and Corporates | Institutional | First Come, First Serve basis | 40% of overall issue size |
Resident Individuals, HUFs, NRIs (Investment > 5 lakhs) | HNIs | First Come, First Serve basis | 30% of overall issue size |
Resident Individuals, HUFs, NRIs (Investment > 5 lakhs) | Retail | Proportionate basis | 30% of overall issue size |
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