Prakash Housing Finance Ltd., a listed HFC has outstanding 5,000, 9% Debentures of ₹ 1,000 each redeemable at par on 31st January, 2022
Prakash Housing Finance Ltd., a listed HFC has outstanding 5,000, 9% Debentures of ₹ 1,000 each redeemable at par on 31st January, 2022. How much amount it should transfer to Debenture Redemption Reserve before the redemption of debentures?
Anurag Pathak Changed status to publish November 1, 2023
Solution:-
NIL
Housing Finance Corporation (listed or unlisted) are not required to create DRR for the purpose of Redemption of Debenture.
Anurag Pathak Changed status to publish November 1, 2023
