The National Highways Authority of India (NHAI) will launch Rs. 10,000 Crore retail tax free bond issue by the end of November, 2011.
The NHAI has picked SBI Capital Markets & AK Capital as merchant bankers for the issue.
Central government has allowed 4 firms to raise totally Rs. 30,000 Crore via tax-free bonds in the current financial year (2011-12).
According to Central Board of Direct Taxes (CBDT), NHAI and 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. .
The NHAI has picked SBI Capital Markets & AK Capital as merchant bankers for the issue.
Central government has allowed 4 firms to raise totally Rs. 30,000 Crore via tax-free bonds in the current financial year (2011-12).
According to Central Board of Direct Taxes (CBDT), NHAI and 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. .
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