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Deemed Date of Allotment

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The date set by the Board or the NCD Committee for allotment of the NCD.

The allotment date for an NCD issue is called deemed date of allotment. All the benefits of NCDs including interest will be calculated and available for the investors from the Deemed Date of Allotment. The actual allotment of NCDs can also occur on other dates than the deemed date.

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