Convertible debenture holders come into existence as creditors, but th – InterviewSolution

1.	Convertible debenture holders come into existence as creditors, but their rebirth is like owners. Give reason.
Answer» Convertible debenture holders are considered as the creditors of the company. They get fixed interest till the debentures are converted into shares. So, in the beginning these debentures exist as creditors. When the debentures get converted into shares, the debenture holder gets all the rights that an equity share holder enjoys. They can attend general meetings and enjoy voting rights. They also get dividends. Hence, convertible debentures come into existence as creditors, but their re-birth is like owners.

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