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Infrastructure Development Finance Company Ltd will be raising up to Rs 2,172 crore through public issue of long-term infrastructure bonds of face value of Rs 5,000 each. These bonds will be in the nature of secured, redeemable, non-convertible debentures and have benefits under Section 80CCF of the Income-Tax Act, 1961.
The bond issue will open for subscription from February 28 to March 16, 2011. This will be third tranche of bonds to be issued by the company in the current financial year.
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