Finance · Financial Markets
Under the SEBI (SAST) Regulations, 2011, what does the term 'convertible securities' mean?
- 1Mutual fund units that can be redeemed for cash
- 2Securities which can be converted into or exchanged with equity shares of the issuer at a later date✓
- 3Commercial papers and short-term debt instruments
- 4Equity shares that can be converted into preference shares
Correct answer
Securities which can be converted into or exchanged with equity shares of the issuer at a later date
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