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.
