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Querist : Anonymous

Querist : Anonymous (Querist)

06 April 2015 1. Om Ltd had issues 34000 15% convertible debentures of Rs. 100 each on 1 April 2011. The debentures are due for redemption on 1st march 2014. The terms of issue of debentures provided that they were redeemable at premium of 5% and also conferred option to the debenture holders to convert 20% of their holding in to equity shares (nominal value of Rs. 10 each) at a price of Rs. 15 per share. Debenture holders holding 2700 debentures did not exercise their option. Calculate No. of equity shares to be allotted to the debentures holders exercising the option to the maximum.

Querist : Anonymous

Querist : Anonymous (Querist)

06 April 2015 plz reply to shafeekcaclub@gmail.com

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