Which of the following instruments retain the debt character and can not be converted in to equity shares?

Question

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Partly Convertible Debentures (PCD)

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Non Convertible Debentures (NCD)

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Fully convertible Debentures (FCD)

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Optionally Convertible Debentures (OCD)

1.	Which of the following instruments retain the debt character and can not be converted in to equity shares?
A.	Non Convertible Debentures (NCD)
B.	Partly Convertible Debentures (PCD)
C.	Fully convertible Debentures (FCD)
D.	Optionally Convertible Debentures (OCD)
Answer» B. Partly Convertible Debentures (PCD)

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