Subex Ltd allots 2090668 shares on conversion of FCCBs

Subex Ltd has allotted 20,90,668 equity shares pursuant to the conversion of US$ 0.85 Million out of Company's US$ 127,721,000 5.70 per cent secured convertible bonds due 2017 on April 20, 2015. Post the conversion, FCCBs aggregating to US$ 76.53 million are outstanding under the said Bonds.

Subject to the listing & trading approval of the stock exchanges the paid up share capital of the Company has increased from Rs. 193,12,99,530 to Rs. 1,95,22,06,210.

Shares of SUBEX LTD. was last trading in BSE at Rs.12.43 as compared to the previous close of Rs. 12.35. The total number of shares traded during the day was 268270 in over 1168 trades.

The stock hit an intraday high of Rs. 12.6 and intraday low of 12.1. The net turnover during the day was Rs. 3319392.

Source : Equity Bulls

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