[ISC] Q 15 Redemption of Debenture TS Grewal (2024-25)

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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.

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Explain how it will invest in specified securities to redeem the debentures.

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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.

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