Redemption of Compulsorily convertible debentures
Rahim (Business) (41 Points)
02 December 2020Later that loan was converted to 5 years Compulsory Convertible Debentures.
Now, can that debentures be redeemed before its maturity date or will have to issue shares on maturity date?
Is the company breaking any rules if debentures are redeemed without conversion to equity shares?
Kindly help.