RBI MPC Policy Views - Mr Nitin Shanbagh, Head - Investment Products, Motilal Oswal Private Wealth
equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
L&T Finance to make early redemption of non convertible preference shares
SECTIONS
Share
Synopsis
With dividends being tax free in the hands of investors, the post tax return of 8 per cent was far superior to competing products like tax free bonds or fixed deposits.
Financial planners say with dividend being taxable in the hands of the investor now, the instrument has lost appeal with rich investors.
L&T Finance is making an early redemption of seven series of non-convertible redeemable preference shares (NCRPS) worth Rs 875 crore. These instruments with a tenure of 3-4 years, which were not converted to equity and paid a tax-free dividend, were popular with rich investors and family offices and several series were issued on a private placement basis in 2019.
L&T Finance to make early redemption of non convertible preference shares
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Motilal Oswal to raise Rs 4,000 cr fund from domestic, global investors
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.