The last date for applying for IDFC Infrastructure bonds has been extended to Oct 22, 2010 from Oct 18, 2010.
More importantly, on popular demand, the DEMAT a/c requirement for applying for IDFC Infra Bonds has been done away with and rightly so. What was the point in keeping demat compulsory for bonds that have a min. 5 yrs lock-in and that cannot be traded. Also, on one hand you are allowing HUFs to invest in these bonds and on other you make demat compulsory. Did not make sense. So great and thanks to IDFC that it listened to investors & logic prevailed.
Remember, we had raised this issue on our BLOG last week..(http://niravpanchmatia.blogspot.com/2010/10/idfc-infrastructure-bonds-open-for.html )
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