Redeemable preference shares
This query is : Resolved
Pranav Dileep Potekar
(Querist)
23 July 2013
At who's option are redeemable preference shares redeemed? (preference share holder or the company). Isn't the duration of such preference shares fixed and are automatically redeemed.
i have gone through a few books and they have chalked out the entire process however a person from the industry says that such redemption is at the option of the preference share holder.
i have gone through a few books and they have chalked out the entire process however a person from the industry says that such redemption is at the option of the preference share holder.
Ajay Mishra
(Expert)
24 July 2013
Hi
First of all you read what your articles and shareholder agreement says.
Generally at the option of preference shareholders, the shares are redeemed.
First of all you read what your articles and shareholder agreement says.
Generally at the option of preference shareholders, the shares are redeemed.
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