ABC Ltd., issued 20,00,000 10% debenture at a discount of 5%; the debenture- holders have an option of converting the amount into 10 equity shares at a premium of 20%. A debenture-holder holding ₹ 60,000 debenture wishes
CS Executive · Corporate and Management Accounting · PYQS · December 2024
ABC Ltd., issued 20,00,000 10% debenture at a discount of 5%; the debenture- holders have an option of converting the amount into 10 equity shares at a premium of 20%. A debenture-holder holding ₹ 60,000 debenture wishes to exercise the option. How many equity shares he will get ?
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B), (C).
Topics: Debentures
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