Subex allots 4350967 equity shares

Subex Ltd has announced that the allotment committee of the Company in its meeting held on December 17, 2009 has issued 4,348,554 equity shares upon conversion of FCCBs of principal amount of US$ 7.25 million by the holders of Company's US$ 98.7 million 5% Coupon Convertible Unsecured Foreign Currency Convertible Bonds. Post the conversion, FCCBs aggregating to US$ 91.45 million are outstanding.

2413 equity shares to employees pursuant to exercise of stock options under the ESOP scheme.

Consequently the paid up share capital of the Company has increased from Rs. 348,470,890 to 391,980,560.

The stock was trading at Rs.86.05, down by Rs.2.65 or 2.99%. The stock hit an intraday high of Rs.88.05 and low of Rs.85.55.

The total traded quantity was 34713 compared to 2 week average of 244435.

Source : Equity Bulls

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