Answer in one sentence. What is convertible debentures? - Secretarial Practice

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Short Note

Answer in one sentence.

What is convertible debentures?

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Solution

Convertible Debentures are the debentures which are converted into equity shares on the expiry of specified period and at a specified rate mentioned in the terms of issue.

Concept: Correspondence with Debentureholders - Specimen Letters
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APPEARS IN

Balbharati Secretarial Practice 12th Standard HSC Maharashtra State Board
Chapter 7 Correspondence with Debentureholders
Exercises | Q 1 H) 4. | Page 114
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