Choosing Growth Capital: NCDS vs CCDS

Affluence Advisory , Last updated: 29 December 2025  
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When businesses seek capital while aiming to retain control, two popular debenture instruments often come into play: Non-Convertible Debentures (NCDs) and Compulsorily Convertible Debentures (CCDs). Both provide much-needed funds, but their impact, structure, and regulatory treatment differ signific

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