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IFCI get government nod for issue of tax-free bonds

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Capital Market
Last Updated : Mar 28 2014 | 12:02 AM IST

Worth Rs 430 crore

IFCI has announced that Government of India, Ministry of Finance, Department of Revenue, CBDT has vide Notification no. 19/2014 dated 26 March 2014 (in continuation to Notification No. S.O.2424(E) dated August 08, 2013) has authorized IFCI to issue during financial year 2013-14, tax free, secured, redeemable, non-convertible bonds upto to Rs 430 crore, as per the terms and conditions of the notification referred to above.

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First Published: Mar 27 2014 | 2:09 PM IST

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