Conversion of ccps

Neelam Agarwal (3 Points)

30 October 2017  

Dear Experts

Please give your inputs

a) Can a Preference Shares of Rs. 25 can be converted into Equity of Rs. 10? 

b) If we have two type of Equity Rs. 25 & Rs. 10 nominal value, will they be covered as two different classes? If Yes, Can we initiate buy-back out of one type of shares? 

 

Please advice