Conversion of preference shares in to equity shares
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 June 2011
please answer my query
we have previosly issued convertable preference shares at premium.
now we have converted in to equity shares.
My question is while converting of p.shares into equity shares should i take premium of earlier issue to convert p.shares to equity shares?
we have previosly issued convertable preference shares at premium.
now we have converted in to equity shares.
My question is while converting of p.shares into equity shares should i take premium of earlier issue to convert p.shares to equity shares?
04 June 2011
According to me the premium received at the time of issued is not relevant to redemption or conversion.
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