Question

Select most appropriate alternative from those given below :

The debentures which are converted into shares is called____________.
a) converted debentures
b) non-convertible debenture
c) bearer debentures
d) unsecured debentures

Answer 1

The debentures which are converted into shares is called converted debentures.

Explanation: The debentures that are issued with an option of being converted into equity shares or preference shares after the expiry of a certain specified period are known as convertible debentures.