A) Equity Shares of a single company
B) Equity shares of a Group Company
C) Both of them
D) None of them
Correct Answer: B
Solution :
[b] An exchangeable bond gives the holder the option to exchange the bond for the stock of a company other than the issuer (usually a subsidiary) at some future date and under prescribed conditions. This is different from a convertible bond, which gives the holder the option to exchange the bond for other securities (usually stock) offered by the issuer.
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