Business Studies

The debentures which cannot be converted into equity shares are called ___________ debentures.


ANSWER

Non-convertible


SOLUTION
Debentures are given out to the creditors as a promise to repay the debt held by the company at a fixed rate of interest. Some of the debentures are convertible and non-convertible. The debentures which cannot be converted into equity shares are called as non-convertible debentures.
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