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of <h1>Issuers Can Recall Debt Securities Before Maturity Under Regulation 17A; Conditions Apply for Early Redemption.</h1> Regulation 17A under the Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008, allows issuers of public debt securities the right to recall or redeem these securities before maturity. This can be done at the issuer's option or provided to investors, including retail investors, subject to specific conditions. These conditions include detailed disclosure in the offer document, a minimum exercise period of three working days, and a prohibition on exercising this right before 24 months from issuance. Notices must be sent to eligible holders and the stock exchange, and redemption proceeds must be paid within 15 days of the exercise period's end. An interest rate of 15% per annum applies for any delay in payment. A detailed report must be submitted to the stock exchange post-redemption.
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