Subex Ltd allots 15,98,746 shares on conversion of FCCBs

Subex Ltd has allotted 15,98,746 equity shares pursuant to the conversion of US$ 650,000 out of Company's US$ 127,721,000 5.70% secured convertible bonds due 2017 on November 25, 2014. Post the conversion, FCCBs aggregating to US$ 86.5 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. 169,09,95,710 to Rs. 170, 69, 83,170.

Shares of SUBEX LTD. was last trading in BSE at Rs.13.06 as compared to the previous close of Rs. 11.88. The total number of shares traded during the day was 537848 in over 2242 trades.

The stock hit an intraday high of Rs. 13.06 and intraday low of 11.71. The net turnover during the day was Rs. 6811992.

Source : Equity Bulls

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