[Resolved] Karvy — idfc infra bonds tranche 2 and tranche 1 - buyback option | |||
I had subscribed to idfc infrastructure bonds - tranche 2 and tranche 1 - in 2010 & 2011. My registered folio nos. Idb0136525 and idd0283360. I understand that there was buy back option for tranche 2 in 2016.in fact the bond certificates mention in both the cases date of buy-back options as[protected] and[protected] respectively.in fact after retirement from reserve bank of india, i totally forget about the idfc bonds. Now when i happened to get hold of the same, i find that the buy back options should have been exercised in 2016 itself. No doubt there was no intimation about the 'buy-back officer' either from karvy or idfc. Now i would like to know, whether i can lodge the bonds for buy-back or should i hold on the same till the maturity date, i. E. 2021. No doubt in the case of tranche 2, i am regularly receiving the interests on the bonds in the month of february every year. I shall be glad if you will kindly clarify. S. Srinivasan, dgm (Retd), rbi, cochin.[protected] Was this information helpful? | |||
Mar 23, 2019 Complaint marked as Resolved Karvy customer support has been notified about the posted complaint. Verified Support Feb 20, 2019 Karvy Customer Care's response Dear Sir/Madam, Greeting from Karvy!! Folio No : IDB0136525 & IDD0285560 ( Correct Folio No.) The bonds Buyback date is completed, the bonds will be matured on 21/02/2021 & 30/12/2021. The Bonds listed in NSE & BSE, you can trade in open market. The Bond certificate is valid for dematerialization. Folio No. : IDB0136525 New ISIN No. INE092T08CG7, Folio No. IDD0285560 New ISIN No. INE092T08CL7. Folio No: IDB0136525 – The Interest amount of Rs. 1600/- credited in your SBI account no. [protected] through NECS on February 21 every year. Regards, Team Karvy | |||
 3 Comments | |||
Comments
Dear Sir,
IDFC Infra Bonds Tranche[protected]Folio # IDB0136525), we would like to inform you that the lock-in period (Buyback date) of IDFC Bond - Tranche-2 is expired on 22nd Feb 2016.
Since we have not received your duly discharged certificate for buyback before closure date it is considered for maturity (10 years) from our side or the bondholder has the option to trade at the stock exchange.
NOTE : As IDFC Bond are tradable in the Stock Market, you may approach to register Share Broker of Stock Exchanges for Sale of Bonds. OR you can retain the Bonds till maturity date (21st Feb 2021) to avail the redemption proceeds from us.
IDFC Infra Bonds Tranche[protected]Folio # IDB0136525), we would like to inform you that the lock-in period (Buyback date) of IDFC Bond - Tranche-2 is expired on 22nd Feb 2016.
Since we have not received your duly discharged certificate for buyback before closure date it is considered for maturity (10 years) from our side or the bondholder has the option to trade at the stock exchange.
NOTE : As IDFC Bond are tradable in the Stock Market, you may approach to register Share Broker of Stock Exchanges for Sale of Bonds. OR you can retain the Bonds till maturity date (21st Feb 2021) to avail the redemption proceeds from us.
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