The NHAI (National Highways Authority of India) will launch its up to Rs. 10,000 Crore retail tax free bond issue by the last week of November, 2011.
The NHAI has picked SBI Capital Markets and AK Capital as merchant bankers for the issue.
Central government has allowed 4 firms to raise Rs. 30,000 Crore via tax-free bonds in the current financial year (2011-12)According to CBDT (Central Board of Direct Taxes), NHAI & IRFC (Indian Railway Finance Corp) can each raise Rs. 10,000 Crore, HUDCO (Housing and Urban Development Corp) & PFC (Power Finance Corp) can each raise Rs. 5,000 Crore,.
No comments:
Post a Comment