The Hindu Business Line : SIDBI ups rates on CG bonds

THE Small Industries Development Bank of India (SIDBI) has revised interest rates on its capital gains bonds upwards by 25 and 35 basis points effective November 24.

The rate on investments less than Rs 1 crore is now 5.25 per cent while investments of Rs 1 crore and above will now attract an interest rate of 5.35 per cent.

SIDBI had launched an on tap issue of capital gain bonds under section 54 EC of Income Tax Act, 1961 on private placement basis on July 15.

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