Subex has informed that the Company has allotted 2,42,32,791 equity shares pursuant to the conversion of $ 5,620,000 out of the Company’s $ 45.23 million bonds that are outstanding under the $ 127,721,000 5.70 per cent secured convertible bonds due 2017 on November 23, 2015. Post the conversion, FCCBs aggregating to $ 39.61 million are outstanding under the said Bonds. Subject to the listing & trading approval of the NSE and the paid up share capital of the Company has increased from Rs 3,27,40,41,900 to Rs 3,51,63,69,810.
The above information is a part of company’s filings submitted to BSE.
