Abstract
The Indian capital market lacks an organized futures and options market. The investors are, therefore, not able to manage their portfolio risks effectively.
In this article, S K Barua and V Raghunathan examine the possibility of introducing call and put options in a limited way by making modifications in the terms of issue of convertible debentures and equity. According to them, this will reduce the need for government interventions in the primary market and provide greater investor protection without compromising market efficiency.
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