Govt removes DRR

Government has removed Debenture Redemption Reserve requirement for issuance of debentures by non-banking financial companies, housing finance companies and listed firms. 

The corporate affairs ministry has said that the requirement for a DRR of 25 per cent of the value of outstanding debentures issued by listed companies, Non-Banking Financial Companies  and Housing Finance Companies has been removed.

NBFC and HFC stocks are likely to see traction in today's trade.

IPO NEWS : Manipal Health Enterprises plans listings

Manipal Health Enterprises is looking at listing on the bourses in the next two years in order to give its investors TPG Capital and Temasek  an exit.

M H E is one of India’s leading hospital networks, providing multi-speciality care to both Indian and international patients. With more than 6,000 operational beds across its network of hospitals and with its experienced team of medical professionals, it is committed to provide quality and affordable health care.