Conversion of preference shares
This query is : Resolved
Naresh Kumar
(Querist)
11 January 2018
Dear All,
At the time issuance of preference shares, it was stated that the preference shares will be converted into equity shares in the ratio 5:1 after the expiry of preference share.
Noting was mentioned whether the conversion will be made on face value or face value of shares. Now we have to convert the same. Kindly suggest on which value we should convert
Thanks in advance
At the time issuance of preference shares, it was stated that the preference shares will be converted into equity shares in the ratio 5:1 after the expiry of preference share.
Noting was mentioned whether the conversion will be made on face value or face value of shares. Now we have to convert the same. Kindly suggest on which value we should convert
Thanks in advance
11 January 2018
Take the face value of same.
Naresh Kumar
(Querist)
11 January 2018
Thanks for the reply.
Therefore no need of valuation of equity shares?
Therefore no need of valuation of equity shares?
11 January 2018
In my view no as there was no value or any thing notified earlier.
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