IDFC issues tax-saving infra bonds, eyes Rs 5K cr in FY12

Infrastructure Development Finance Company (IDFC) is aiming to raise Rs 5,000 crore through tax-free retail infrastructure bonds in 2011-12 in two tranches. The public issue for the first tranche opened for subscription on Monday with a face value of Rs 5,000 each offering an interest rate of 9% per annum.

November 21, 2011 / 21:15 IST

26 Aug, 2025 12:21

Volume

Todays L/H

Moneycontrol Bureau

Infrastructure Development Finance Company (IDFC) is aiming to raise Rs 5,000 crore through tax-free retail infrastructure bonds in FY12. The public issue for the first tranche opened for subscription on Monday with a face value of Rs 5,000 each, offering an interest rate of 9% per annum.

first published: Nov 21, 2011 04:37 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347