Subex Ltd allots 44843597 shares on conversion of FCCBs

Subex Ltd 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.

Shares of SUBEX LTD. was last trading in BSE at Rs.10.77 as compared to the previous close of Rs. 11.05. The total number of shares traded during the day was 616937 in over 956 trades.

The stock hit an intraday high of Rs. 11.39 and intraday low of 10.7. The net turnover during the day was Rs. 6812593.

Source : Equity Bulls

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