How will depository handle those instruments having call/put options?
Exercising of call/put option only prepones the redemption date of an instrument. On exercising call option by the company, the same procedure will be followed as in normal redemption. For put option, once the same is exercised by all/part of the investors, the details of which is communicated by the Issuer a debit action will be carried out by NSDL for those accounts of the investors.
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- How will depository handle those instruments having call/put options?
