thanks jaideep.
from this what i understood is primafacie pref shares are listable provided they are convertible.
if so what about their convertibility - should they be optionally or mandatorily convertible ----and fully or partially convertible
in case they are partially convertible , would they be listed only to the extent of convertible portion.
i believe the provision may be like this : pref shares are listable provided they are mandatorily convertible and listing is allowed only to the portion of convertible it means if they are 40% mandatorily convertible and the remaining 60% either optionally or non-convertible .....then ONLY that 40% portion might be listable
but iam not sure whether it is correct view
unless some learned members vouch this view or correct this view if it is wrong
iam looking for active response from the learned members of this forum
regards
shruthy