Silk Small investors’ scheme for the liquidity of KHOKA. In this scheme a banker or an investment firm comes to the rescue by buying from the holder any lot of khokas at a reasonable discount (so far it has varied from 10.71% – for Grasim Series I – to 20%). The arrangement benefits both the parties; the holder isn’t tied to a 12.5% or 13.5% loan for a period of seven to nine years, while the bank, buying at a discount, gets a decent interest. Offers for buying back PCD khokas are on the increase, naturally, interest

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