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In case of rights issue, are companies free to fix the price without requiring any valuation report? In a right issue of compulsorily convertible debentures by a closely held public company, can we fix a price band now at the time of issue of the Debentures with the actual conversion price being decided at the time of conversion of the debentures to equity?

Section 62- Further issue of share capital.

Posted By: Arun kumar 10 year(s) ago

This question has been closed if you want to answer,you have to re-open.


Expert    Ankit Singhi

Yes there is no requirement of any valuation report. In respect of pricing for right issue of convertible instrument , you can do pricing in the said manner

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