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.
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.