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Subex Ltd. - Update- Conversion of FCCBs

By Religare

Subex Ltd has informed BSE that the Company has allotted 86,23,769 equity shares pursuant to the conversion of US$ 2,000,000 out of the Company's US$ 61.93 million bonds that are outstanding under the US$ 127,721,000 5.70 per cent secured convertible bonds due 2017 on September 21, 2015. Post the conversion, FCCBs aggregating to US$ 59.93 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. 2,55,39,57,200 to Rs. 2,64,01,94,890.

Story first published: Tuesday, September 22, 2015, 23:00 [IST]
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