Subex Ltd allots 56,20,02,935 equity shares pursuant to capital reduction

The Board of Directors of Subex Ltd vide resolution passed through circulation dated October 24, 2020 allotted 56,20,02,935 equity shares of Rs. 5/- each, to those shareholders who held equity shares of the Company as of October 23, 2020 (being the Record date) against existing equity shares of face value of Rs. 10/- each, pursuant to the Scheme of reduction of equity share capital duly approved by the Hon’ble National Company Law Tribunal, Bengaluru Bench, Bengaluru.

Source : Equity Bulls

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