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Sherry Ltd. (a listed NBFC) has 50,000, 6% Debentures of ₹ 100 each due for redemption on 31st March, 2022

1.10K viewsNovember 2, 2023Redemption of Debentures

Anurag Pathak28.65K November 2, 2023 0 Comments

Sherry Ltd. (a listed NBFC) has 50,000, 6% Debentures of ₹ 100 each due for redemption on 31st March, 2022. It invested in Debentures Redemption Investments on 1st April, 2021 and realised it at 105% and redeemed the debentures.

Determine the sale of value of investments.

Anurag Pathak Changed status to publish November 2, 2023

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Anurag Pathak28.65K Posted November 2, 2023 0 Comments

Solution:-

Debentures Redemption Investment = 50,00,000 ✕ 15% = ₹ 7,50,000

Debenture Redemption Investment Realised = 7,50,000 ✕ 105% = ₹ 7,87,500

Anurag Pathak Changed status to publish November 2, 2023

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Sherry Ltd. (a listed NBFC) has 50,000, 6% Debentures of ₹ 100 each due for redemption on 31st March, 2022

1 Answer

Anurag Pathak

1 Answer

Anurag Pathak

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