Subex has informed that the Company has allotted 8,623,768 equity shares pursuant to the conversion of $2,000,000 out of the Company’s $ 33.29 million bonds that are outstanding under the $ 127,721,000 5.70 per cent secured convertible bonds due 2017 on December 09, 2015. Post the conversion, FCCBs aggregating to $ 31.29 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 3,788,880,910 to Rs 3,875,118,590.
The above information is a part of company’s filings submitted to BSE.
