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    Issue of debentures with an option to convert such debentures into shares

    Posted By : SHALU / Published on : 12-Sep-2022 08:53 AM / View : 257 / Comment : 0

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    Forwarded query:
    One of a Company want to issue debentures with an option to convert such debentures into shares through CCPS in future. So while drafting documents of CCD do I write the line below or what would be the correct line.

    1. Approval of Issue and allotment of 36 Unsecured Compulsorily Convertible Debentures and/ or other debt Securities on private placement basis
    or
    1. Approval of Issue and allotment of 36 Unsecured Compulsorily Convertible Debentures

    Please advise at the earliest.
    Read more on : debentures into shares such convert option issue

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