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of <h1>Regulation 109: Conversion of Optionally Convertible Debt Requires Holder Consent, Redemption if No Conversion Price Set.</h1> Regulation 109 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, outlines the conditions for converting optionally convertible debt instruments into equity shares. The issuer cannot convert these instruments without explicit consent from the holders. If the convertible portion's value exceeds ten crore rupees and the conversion price wasn't set during issuance, holders can opt out of conversion unless a conversion price cap was disclosed initially. If holders don't opt for conversion, the issuer must redeem the instruments within a month at no less than face value, unless otherwise disclosed in the offer document.
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