Tuesday, August 20, 2019

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.

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