CCPS are a type of preference share that, after a certain period or upon meeting specific conditions, must convert into equity shares of the company. The key feature of CCPS is its compulsory conversion into ordinary shares at a predetermined ratio, typically after a set number of years or when certain conditions are met. https://www.compliancecalendar.in/learn/why-do-investors-prefer-ccps-over-other-instruments-available