[Resolved] Link Intime — redemption of long term infra. bonds 2012a series. | |||
Sir / madam, I am not a very literate person. I have purchased l&t infrastructure finance co. Ltd. Bonds during march 2012, and, regd. Folio no. Is 22019864 corresponding certi. No. 401986. Now i want to redeem the same at earliest. I am in very desperate need of the same. Hence, i request you to kindly arrange for early payment of the same. Thanks, Anilkumar r. Rai. Mob. [protected] Email : [protected]@gmail.com Was this information helpful? | |||
Nov 13, 2019 Complaint marked as Resolved Link Intime customer support has been notified about the posted complaint. 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 | |||
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Trying to settle our dues with Link Intime. Despite submitting all the documents asked for at the helpdesk counter, the request has been rejected a couple of times. We have spent more money & time in traveling to their office than the settlement amount we are due for.
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