Verified Support
Oct 12, 2019
Link Intime Customer Care's response Dear Sir/Madam,
Unit: L&T Infra 2012A
ISIN: INE691I07299
Folio No: 22019864
Name: ANILKUMAR RAJENDRA RAI
This has reference to your complaint lodged with consumer forum,
BSE Scrip Code Series ISIN
961737 Series 1 INE691I07299
961738 Series 2 INE691I07307
In this regard, kindly note that as per the terms of the prospectus, aforesaid series of bonds are due to mature after 10 years from the date of allotment i.e. 24-Mar-2022. However, the bonds are free from lock-in w.e.f. 24-Mar-2017.
The Company had offered a buyback period from 25-Sep-2018 to 25-Dec-2018 to the eligible bond holders and had communicated the option of buyback through notice of buyback dated Sep 23, 2018 to the eligible bondholders 6 month prior to the corresponding buyback date (25-Mar-2018).
Since the Company does not have any buyback offer for the aforesaid series of bonds as on date, you have following 2 options:
Option 1 – To hold the bonds till the maturity date i.e. 24-Mar-2022, on which date the proceeds will be paid to you.
Option 2 – Since the aforesaid bonds are listed on BSE and free from lock-in, the same can be traded in secondary market in demat mode through members/brokers of the stock exchange.
In case you are holding the bonds in physical mode and wish to trade before the maturity date, you are required to convert your holding from physical mode to demat mode through the following process:
1.Open a Demat Account with a Depository Participant (DP)
2.Submit the physical bond certificates for dematerialization along with Demat Request Form to the aforesaid DP with whom you have opened the Demat Account.
In case you have any further queries, feel free to contact us.
Regards,
Ajit Patankar | Associate (Contact Center) | Link Intime India Pvt Ltd
C-101, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai - 400083
Phone: +[protected] | Extn: 2106
Fax: +[protected]
Email: bonds.[protected]@linkintime.co.in
Website: www.linkintime.co.in
I regret to inform you that uptillnow hold in sb account is not removed.
Kindly expedite matter urgently
Jyotindra Mankad