Discussion
In case of ....................... debentures, the investors are given the option to convert their investment in the form of equity shares of the company.
Answer: D
The debentures are optionally convertible.
Optionally convertible debentures give the holder the choice of converting them into equity shares on the stated terms; if the option is not exercised, they are redeemed as ordinary debentures.
Fully and partly convertible debentures are converted, wholly or in part, compulsorily on the terms of issue, so there is no option. Non-convertible debentures cannot be converted at all.
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