Compulsory Convertible Debenture- The Preferred Investment Instrument by Shubhra Mishra

CCD or Compulsory Convertible Debenture is a familiar term for most promoters and investors in the start-up ecosystem as it basically means an instrument issued by a portfolio company in the form of debt against an investment and is convertible into equity shares of such company at a specified time (no later than 10 years from the date of issuance in India).