afc41a04_n_Equity_Shares_and_Debentures__Equity_Shares
[0] 2. Return on Investment [Debentures] Interest is paid on debentures at a fixed rate. [Equity Shares] 
Dividend is paid on shares by the company. The rate of dividend is not fixed.
Major Difference between Equity Shares and Debentures
Equity Shares