What is reedemable and irredemable shares?

Redeemable shares are a type of equity that a company can buy back from shareholders at a predetermined price after a specified period, providing flexibility to manage capital structure. Irredeemable shares, on the other hand, cannot be repurchased by the issuing company, meaning they remain outstanding indefinitely unless the company is liquidated or the shareholder sells them. This distinction affects investors' rights and the company's financial strategy.