Subex Ltd allots 11642088 equity shares on conversion of FCCBs

Subex Ltd has allotted 1,16,42,088 equity shares pursuant to the conversion of US$ 2,700,000 out of the Company's US$ 64.63 million bonds that are outstanding under the US$ 127,721,000 5.70 per cent secured convertible bonds due 2017 on September 10, 2015. Post the conversion, FCCBs aggregating to US$ 61.93 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.2,43,75,36,320 to Rs. 2,55,39,57,200.

Shares of SUBEX LTD. was last trading in BSE at Rs.12.32 as compared to the previous close of Rs. 11.54. The total number of shares traded during the day was 1030710 in over 1841 trades.

The stock hit an intraday high of Rs. 12.6 and intraday low of 11.05. The net turnover during the day was Rs. 12226510.

Source : Equity Bulls

Keywords