Merrill Lynch, QVT Mauritius offload stake in Subex

04 Nov 2015

Merrill Lynch and QVT Mauritius have offloaded about 1.05 crore and 95 lakh shares of Subex, respectively. During July-September, Foreign Institutional Investor (FII) majors such as QVT, Deutsche Bank, Merrill Lynch and Suffolk (Mauritius) have sold a large numbers shares of the company. Promoter holding has fallen below 1 per cent, with these being encumbered by financial lenders.

Subex is a leading global provider of Business Support Systems (BSS) that empowers communications service providers (CSPs) to achieve competitive advantage through Business Optimisation - thereby enabling them to improve their operational efficiency to deliver enhanced service experiences to subscribers.

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38.20 5.65 (17.36%) Mar 08, 14:17
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Puchho Befikar
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