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of <h1>Housing Finance Companies Must Hold 50% DRR for Public Debentures, None Required for Private Placements.</h1> The circular issued by the Department of Company Affairs clarifies the requirements for Debenture Redemption Reserve (DRR) for Housing Finance Companies registered with the National Housing Bank. It specifies that these companies must maintain a DRR amounting to 50% of the value of debentures issued through public issues. However, there is no requirement for a DRR for debentures that are privately placed. This clarification follows a previous circular issued in April 2002.
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