Friends, L&T has issued Long-term Infrastructure Bonds named L&T Infra Bonds. Two options are available in it. Some detail regarding investment in L&T Infrastructure Finance Company Limited- Long Term Infrastructure Bonds 2011A Series are given as under :-
Invest more than Rs. 1,00,000 (one Lac) and Save Your Income Tax according to your Tax Slab
INVESTMENT DETAILS | ||
Series | 1 | 2 |
Frequency of Interest | Annual, i.e. yearly payment of interest | Cumulative i.e. cumulative interest payment at the end of maturity or buyback as applicable |
Face Value and Issue Price (Rs./bond )(A) | 1000 | 1000 |
Minimum Application | Five (5) Bonds. For the purpose of fulfilling the requirement of minimum subscription of five (5) Bonds, at Applicant may choose to apply for five (5) Bonds of the same series or five (5) Bonds across different series | |
Buyback Facility | Yes | Yes |
Buyback Date | First Working Day after 5 years from the Date of Allotment and first working day after 7 years from the date of Allotment | First Working Day after 5 years from the Date of Allotment and first working day after 7 years from the date of Allotment |
Interest Rate | 8.20% p.a. | 8.30% p.a. compounded annually |
Maturity Date | 10 years from the Date of Allotment | 10 years from the Date of Allotment |
Maturity Amount (Rs./Bond) | 1000 | 2220 |
Buyback Amount(Rs./Bond) | 1000 at the end of 5 years/ 1000 at the and of 7 years | 1490 at the end of 5 years/ 1748 at the and of 7 years |
Buyback Intimation Period | The period commencing from 6 months preceding the corresponding Buyback Date and ending 3 months prior to the corresponding Buyback Date | |
Yield of the Bond on Maturity | 8.20% p.a. | 8.30% p.a. compounded annually |
Yield of the Bond on Buyback | 8.20% p.a. | 8.30% p.a. compounded annually |
Issue Closes On : Monday, March 7, 2011
Requirement of Documents: -
- Photocopy of PAN Card, self attested.
- Proof of Address, self attested.
- Multicity Cheqeue for Investment.
- One cancelled cheque in case if option to hold the Bonds in Physical Form.
Toll Free Number :- 1800 102 2131 or +91 22 4060 5444
Email at : -savetax@ltinfra.com
Website : www.ltinfrabond.com
Download Application Form (Click Here)