Tuesday, 2 November 2010

The closing date of L&T Infrastructure Fund has extended to November 15

The closing date of L&T Infrastructure Fund has extended to November 15. When the issued opened on 15th October, 2010 the closing date was fixed on November, 2010. But now the closing date extended to 15th November, 2010.

As per the official sources the extension is with the expectation that the investors may put their festival bonus in this Tax Saving Fund and also the L&T Infra found that the investors need some more time to invest in this bond.

It is also said that the company was planning to come up with one more such bond during the next calendar year. The new bond issue would again be a tax-saving bond.

The company has got an encouraging response from thier investors. The company is offering a coupon rate of 7.5% on the bond. With a 7-year put option, on completion of five years, the bond offers a coupon rate of 7.75%. More about L&T Infra Bond

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5 comments :

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  3. [...] The closing date of L&T Infrastructure Fund has extended to November 15 | Investment And Money M... [...]

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  4. If any infrastructure funds available for investment up to 28/2/2011

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