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Question
Answer in one sentence.
What are convertible debentures?
Solution
The debentures which are converted into equity shares are known as convertible debentures.
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| Violet Ltd. company plans to raise ₹ 10 crores by issuing debentures. The Board of Directors has some queries. Please advise them on the following: |
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- As the company is offering debentures to its members, can such debentures have normal voting rights?
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