[ISC] Q 12 Redemption of Debenture TS Grewal (2023-24)

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Solution of question number 12 of Redemption of Debenture Ts Grewal class 12 ISC Board (2023-24)

Export-Import Bank of India (EXIM Bank) issued 20,000, 10% Debentures of ₹ 100 each through public issue and 10,000, 10% Debentures of ₹ 100 each through private placement. State the amount of Investment to be made by EXIM Bank before redemption of debentures.

Solution:-

DRR – NIL

DRI – NIL

Banking companies (for both Public issue and Private Placement of Debentures) are exempted from creating DRR and DRI for the purpose of Redemption of Debentures.

Here is the list of all Solutions of Redemption of Debenture of TS Grewal class 12 ISC Board 2023-24.

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55Question – 55
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Anurag Pathak

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