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One Line Answer
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.
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Solution
The Companies Act, 2013 exempts Banking Companies to invest in specified securities.
Concept: Meaning of Redemption of Debentures
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