This entry is part 9 of 13 in the series Tax Bonds

 

d5Ennore Port Ltd (EPL) Tax Free Bond Issue details

EPL has come out with its Tax Free Bond Issue. Ennore Port Ltd is a MINI RATNA status company.  Ennore is situated on the coromandal coast about 24km north of Chennai Port along the coast line, in the State of Tamil Nadu, India. It is the 12the Major Port in India and the first Corporatised Major Port in India.

Product Note

Issue Highlight – 
IssuerEnnore Port Ltd
Type of InstrumentSecured, Redeemable, NCD
Issue Open28, Feb, 2013
Issue Close15 Mar 2013
Issue Size
Face ValueRs. 1,000
Min. Application Size5 Bonds (Rs.5000) & multiply of 1 Bond thereafter
Interest Annual
Mode of AllotmentD'mat & Physical Form
RatingCARE AA- by CARE , AA- by CRISIL Rating , AA+ by BWR
ListingBSE

Issue Structure –

OptionsSeries 1 Series 2
Tenor10 years15 years
Coupon Rate %
Category - I, II, III7.01%7.17%
Category - IV (Retail)7.51%*7.67%*

*Additional Interest of 0.50% p.a. shall only be available to the original Allottees under category IV. In the event of Sold/transfer , the Coupon rate shall stand revised to the coupon rate applicable for allottee falling under Category I, II , III.

Cheque Details-

Retail Investor  :

Bankers :   

About Issue

About the Issuer

Ennore is situated on the coromandal coast about 24km north of Chennai Port along the coast line, in the State of Tamil Nadu, India. It is the 12the Major Port in India and the first Corporatised Major Port in India.

Ennore Port was originally conceived primarily to handle thermal coal to meet the requirement of Tamil Nadu Electricity Board (TNEB). The scope was expanded taking into account subsequent developments such as the plan of Government of Tamil Nadu to set up

  1. A 1880 mw LNG power project in association with a Private consortium
  2. A large Petro Chem Park
  3. A Naphtha Cracker Plant

Benefit to Investor

  •  The Income by way of Interest on these Bonds is fully exempt from Income Tax as per provision under section 10(15) (iv) (h) of IT act.
  • No TDS
  • Capital Gain Benefit – capital gain arising on the transfer of listed bonds shall be taxed @ 10% without Indexation or @20% with Indexation.

 

Allotment/Listing

Registrar of Issue :

Link Intime  Pvt Ltd

Allotment Details

 Ennore Port Ltd Listing Details PDF Download

Depositories :

NSDL & CDSL

 

Are you interested to know brokerage structure  in your Inbox  mail : rajendra@puneinvest.com

 

 

https://i0.wp.com/www.puneinvest.com/wp-content/uploads/epl_pic.png?fit=200%2C180https://i0.wp.com/www.puneinvest.com/wp-content/uploads/epl_pic.png?resize=150%2C150RajendraBondsTax Free Bonds  Ennore Port Ltd (EPL) Tax Free Bond Issue details EPL has come out with its Tax Free Bond Issue. Ennore Port Ltd is a MINI RATNA status company.  Ennore is situated on the coromandal coast about 24km north of Chennai Port along the coast line, in the State of Tamil Nadu,...Investment you need