[ISC] Q 15 Redemption of Debenture TS Grewal (2024-25)
Solution of question number 15 of Redemption of Debenture Ts Grewal class 12 ISC Board (2024-25)
Amera Ltd. had outstanding 6,000, 7% Debentures of ₹ 100 each due for redemption in three equal annual instalments beginning 30th June, 2024.
Explain how it will invest in specified securities to redeem the debentures.
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.
