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Conversion of debentures

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(Querist)
13 October 2014 At the time of conversion of debentures into shares, how valuation of Shares is to be done? (At book value, market value, fair value or Net asset value?)
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Amol S Joglekar

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Amol S Joglekar (Expert)
19 November 2014 Normally the ratio is pre decided by the company. (At the time of issue of debenture, the exchange ratio is given)

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