CRB Capital Markets Fixed Deposits / Bonds Refund procedure (1996 issue)

There is a public notice dated 28/04/2011 issued by the Chairman of Disbursement Committee of  CRB Capital Markets Ltd. giving details of how investors of CRB capital markets can get refund of their investments.

The conditions are ...
(1) Only investments less than 50,000 will be refunded
(2) Only principal will be refunded (not interest)
(3) The claimant has to be in the list of admitted FD / Bond Holders

The list can be obtained / downloaded at Official liquidator of Delhi High Court page, click on links to excel files in entries 13 , 14 and 15 (most investors will fall in to list 15)

The documents to be submitted are  :

1.Original Fixed Deposit Receipt / Bond duly discharged
(In case FD Receipt / Bond has already been submitted, please attach proof of 
submission)
2.Proof of identity in the shape of copy of Voter ID Card / PAN Card / Passport
3.Bank account details


The documents are to be sent at the working office of the committee which is :


Chairman
CRB Capital Markets Ltd.
Disbursement Committee
13, Panchkuin Road (Backside),
 New Delhi-110001. 

email of the committee  crb.disbursementcommittee@gmail.com 

Secured Non-convertible Debenture of India Infoline Investments Services Ltd. (IIISL NCD)

Public issue of secured non-convertible debentures of India Infoline Investments Services Ltd. (IIISL NCD) expected to open in first week of August 2011.




For more details keep watching this place  ... 

India Infoline Investment Services Limited (IIISL or “the Company”), an NBFC subsidiary of India Infoline Limited (IIFL) will open, its maiden public issue of Secured Redeemable NCDs of the face-value of Rs. 1,000 each aggregating to Rs. 375 crore, with an option to retain over-subscription up to Rs. 375 crore, aggregating up to a total of Rs. 750 crore (the “Issue”). The NCD Issue with 3 investment options and yield on redemption of up to 11.90% (per annum) opens on August 4, 2011 and closes on August 12, 2011.
The NCDs will be listed on National Stock Exchange and Bombay Stock Exchange and will have a tradable lot size of 1 NCD. The face value of NCD is Rs.. 1,000 and minimum application is Rs. 5,000. 

The proposed NCDs have been rated ‘[ICRA]AA- (stable)’ by ICRA, and 'CARE AA-' by CARE, indicating high degree of safety for timely servicing of financial obligations. 
There are three investment options:
Option I (Annual interest payment): The redemption date or maturity period is 36 months from the deemed date of allotment and the coupon rate is 11.7% p..a. The interest payment is annual and the face value plus any interest that may have accrued is payable on redemption.

Option II:.. NCDs will be redeemed at Rs 1446.18 at the end of 40 months from the deemed date of allotment with an effective yield of 11.7% per annum.
Option III (Annual interest payment): The redemption date or maturity period is 60 months from the deemed date of allotment.  The coupon rate is 11.9% p.a. for Category III investors and 11.7% p.a. for others. The interest payment is annual and the face value plus any interest that may have accrued is payable on redemption.
The funds raised through this Issue will be used by the Company for various financing activities.

Awaiting power finance public issue

Next grand IPO to come is pfc

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IDFC Long Term Infrastructure Bonds U/s 80 CCF

Salient features of the issue:

❖ First public issue of bonds by an infrastructure finance company under Sec 80 CCF.

❖ Credit rating agency ICRA has rated the Bonds under this offer as “LAAA” with stable outlook, indicating highest safety.

❖ These bonds will be issued only to Resident Indian Individuals (Major) and HUF.

❖ The bonds are fully secured with first floating pari pasu charge over certain receivables of the Company and first fixed pari pasu charge over specified

immovable properties of the Company. The security cover is 1.0 times of the outstanding Bonds at any point in time.

❖The Bonds bear an attractive combination of coupon rate ranging between 7.5% and 8% p.a coupled with tax benefits of upto Rs. 20,000 under Sec 80 CCF.

❖ There are 4 investment options, suiting the needs of different categories of investors.

❖ No TDS shall be deducted.
❖ The bonds will be listed on NSE & BSE and can be traded after the 5 year lock - in period.
❖ Investors can mortgage or pledge these bonds to avail loans after the lock-in period.
❖ Under Section 80 CCF of the I.T. Act, an investor in such infrastructure bonds will be entitled to tax deduction of investments of up to Rs. 20,000. The deduction is over and above the Rs. 1,00,000 deduction available under section 80C, 80CCC & 80CCD read with section 80CCE.

Issue Highlights
❖ Issue size: Rs. 3,400 cr in one or more tranches.
❖ Face value: Rs. 5,000.
❖ Minimum Application: Rs. 10,000 or 2 bonds.
❖ Lock-in Period: 5 years.

Issue summary:
❖ Issue opens: 30th Sept 10
❖ Issue closes: 18th Oct 10
❖ Lead managers: ENAM Securities Private Limited, Citigroup Global Markets, Kotak Mahindra Capital Co.Ltd.
❖ Registrar: Karvy Computershare Pvt. Ltd. Debenture Trustees: IDBI Trusteeship Services Ltd.
CREDIT RATING BY ICRA : LAAA
ISSUE T&C :

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