Dear all,
X, an unlstd public Co. owes Y, an unlstd public Co. certian amount of debt. It is now proposed to convert this debt to equity. My query is - That at what value should this conversion take place? Should it be at Face Value or Fair Value??
Please help!!
Thanks in acticipation.
Regards,
Ruchie
facevalue..
I think it should be at fair value, please correct if i am wrong.
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