Definition
Compulsorily Convertible Preference Shares – Preference shares, common in Indian startup financing rounds, that must convert into ordinary equity shares by a set date or trigger rather than being redeemable for cash. Lets a startup raise money across many funding rounds at different valuations without settling the exact final cap table until conversion, which is typically timed to just before an IPO. Found In: Statement of Changes in Equity, Notes to Financial Statements