POSTED BY January 20, 2014 5:47 pm ONE COMMENT
ONManish,
I have Option IV Cumulative NCDs (since 2009) on which interest was payable at the time of redemption, in 2014. Now, if I consent to continue with the NCD for 5 more years till 2019, when would the interest for the past five years be paid? Do I have to wait till redemption of NCDs in 2019?
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Dear Shiv, you ‘ll get the interest in 2019 if you opt to continue.
Thanks
Ashal