What are Convertible debentures?
Answer & explanation
Correct answer: option 2
The correct answer is option 2- That can be converted into equity shares at the option of Debenture holders.
Debentures which are convertible into equity shares or in any other security either at the option of the company or the debentureholders are called convertible debentures. These debentures are either fully convertible or partly convertible.