https://www.taxtmi.com/acts?id=33466 Conversion requires prior positive consent from holders; non-receipt of reply is not consent. If the convertible portion of listed instruments exceeds the prescribed threshold and conversion price was not fixed at issue, holders must be offered an option not to convert unless an upper price limit with justification was disclosed at issuance. Where holders decline conversion at the shareholders' meeting price, the issuer must redeem the non-converted portion within one month at not less than face value, except where such redemption is provided for in the offer document. en-us Fri, 21 Dec 2018 11:53:01 +0530 Fri, 09 Aug 2024 15:04:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=33466 Conversion requires prior positive consent from holders; non-receipt of reply is not consent. If the convertible portion of listed instruments exceeds the prescribed threshold and conversion price was not fixed at issue, holders must be offered an option not to convert unless an upper price limit with justification was disclosed at issuance. Where holders decline conversion at the shareholders' meeting price, the issuer must redeem the non-converted portion within one month at not less than face value, except where such redemption is provided for in the offer document. Act-Rules SEBI Fri, 21 Dec 2018 11:53:01 +0530 https://www.taxtmi.com/acts?id=33466