| Address: 500034 |
| Website: www.karvy.com |
Dear sir,
Reg : infrastructure development finance company [idfc] idfc limited — non receipt of maturity of bonds
I have invested 20000/- (Rs. Twenty thousand only) in idfc limited – infra bond tranche 2 with application no[protected]Account number folio - ide0232138) in february 2012. The same was opted for buy back in year 2017.
When i contacted karvy for buyback in april 2017, they asked me to open demat account and the conversion of physical bond to demat form. So i had opened demat and submitted idfc bond to karvy, yelahanka. After processing the application, i got the message that 4 bonds are in demat, ready to sell. But the statement was showing worth rs. 20, 000.
When i asked to sell these bonds, karvy told me that i can get only 20, 000!!!. He told interest part is not added. So i wrote mail to kishore. [protected]@karvy.com, copied [protected]@idfc.com as per idfc customer care suggestion. However sir, the amount was not still released and no one is responding to follow up mails and calls. I regret to note that i have not received amount till date and investee are not replying my mail and phones.
I called in investee’s office regarding maturity amount and their executives confirmed that it is another team which takes care of the payment / payment date confirmations.
. Sir, i humbly request you to make process maturity amount of my bonds and remit the amount of maturity along with interest.
. Application no[protected]
. Account number - folio - ide0232138
. Documents received by investee on - 07.04.2017
. Bonda buyback date : march 21, 2017
Jul 5, 2017
Complaint marked as Resolved
Karvy customer support has been notified about the posted complaint.
Verified Support
Jun 01, 2017
Karvy Customer Care's response Dear Sir,
We would like to bring to your notice that the bonds are allotted in cumulative option. ISIN - INE092T08CN3 . The bonds are listed in NSE & BSE you can trade in open market.For further assistance please write to kcpl.[protected]@karvy.com
Regards,
Team Karvy
Jun 01, 2017
Updated by kirankumar184 Can you please let me know approx how much amount I will receive when I trade in open market?
Jun 01, 2017
Updated by kirankumar184 In demat statement, it's showing RS. 20000. I.e., bond face value. How abt the interest part?
Thanks
Verified Support
Jun 03, 2017
Karvy Customer Care's response Dear Sir,
We would like to inform you that Current Market Price 7622/- per Bond. Kindly contact you DP for confirmation / Clarification.
Regards,
Team Karvy
Jun 09, 2017
Updated by kirankumar184 i asked to sell on monday, but sold at 7522 and finally i could get only Rs. 29234/-. i am surprised to see Rs. 850+ deduction. is it brokerage charge? !!!
Jul 20, 2017
Updated by kirankumar184 Any update on this why so much of deductions?
AASHISH KUMAR JAISWAL