Debenture Redemption Reserve (DRR) Clarification.

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....es All Chambers of Commerce The Reserve Bank of India The Securitles and Exchange Board of India Subject: Debenture Redemption Reserve (DRR) Clarification. Sir, The requirements with regard to 'adequacy' of debenture redemption reserve (DRR) have been clarified by this Ministry vide General Circular No. 9/2002 dated 18/04/2002 . 2. The matter with regard to need for review of ....

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....will be 25% of the value of debentures issued through public issue as per present SEBI (Issue and Listing of Debt Securities) Regulations, 2008, and no DRR is required in the case of privately placed debentures. (iii) For other companies including manufacturing and infrastructure companies, the adequacy of DRR will be 25% of the value of debentures issued through public issue as per present SEB....