On conversion of FCCBs
Subex announced that the Company has allotted 2,42,32,791 equity shares pursuant to the conversion of US$ 5,620,000 out of the Company's US$ 45.23 million bonds that are outstanding under the US$ 127,721,000 5.70 per cent secured convertible bonds due 2017 on November 23, 2015. Post the conversion, FCCBs aggregating to US$ 39.61 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. 3,27,40,41,900 to Rs. 3,51,63,69,810.
Powered by Capital Market - Live News
