What Are Convertible Debentures?
A convertible debenture is a kind of debenture that can be converted into stock at the option of the holder or even the issuer at a specific date in the future time to come. The buyer has the power to convert the debenture into stock under specific circumstances that is why the seller is able to borrow at a lower cost.
Related Questions
- How does an NRI correct his/her position if the purchased shares / convertible debentures are in excess of the prescribed limit, if any?
- Is there any limit for purchase/sale of shares/convertible debentures by NRI/OCB in secondary market?
- Can an NRI sell the shares / convertible debentures purchased within the same settlement cycle?
