Amera Ltd. had outstanding 6,000, 7% Debentures of ₹ 100 each due for redemption in three equal annual instalments beginning 30th June, 2022
Amera Ltd. had outstanding 6,000, 7% Debentures of ₹ 100 each due for redemption in three equal annual instalments beginning 30th June, 2022.
Explain how it will invest in specified securities to redeem the debentures.
Anurag Pathak Changed status to publish November 2, 2023
Solution:-
Investment in DRI = 6,00,000/3 = ₹ 2,00,000 ✕ 15% = ₹ 30,000
Time of Investment = on or before 30th April, 2022.
The invested amount shall be realised at the time of last redemption, i.e., 30th June, 2024.
Anurag Pathak Changed status to publish November 2, 2023
