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Subex Ltd. - Update - conversion of FCCB's

By Religare
|

Subex Ltd has informed BSE that the Company has allotted 4,48,43,597 equity shares pursuant to the conversion of US$ 10,400,000 out of Company's US$ 127,721,000 5.70 per cent secured convertible bonds due 2017 on September 07, 2015. Post the conversion, FCCBs aggregating to US$ 64.63 million are outstanding under the said Bonds.

Subject to the listing & trading approval of the NSE and BSE the paid up share capital of the Company has increased from Rs. 1,98,91,00,350 to Rs.2,43,75,36,320.

Story first published: Monday, September 7, 2015, 23:00 [IST]
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