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Subex shines as its arm gets loan waiver from US Federal Government

26 May 2021 Evaluate

Subex is currently trading at Rs. 62.40, up by 1.35 points or 2.21% from its previous closing of Rs. 61.05 on the BSE.

The scrip opened at Rs. 61.65 and has touched a high and low of Rs. 62.50 and Rs. 61.15 respectively. So far 298931 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 67.40 on 12-May-2021 and a 52 week low of Rs. 6.22 on 26-May-2020.

Last one week high and low of the scrip stood at Rs. 62.50 and Rs. 55.60 respectively. The current market cap of the company is Rs. 3431.03 crore.

The Institutions and Non-Institutions held 0.04% and 99.97% stake respectively in the company.

Subex’s subsidiary company – Subex Inc, has received waiver for an amount of $799,167 along with interest of $8,302.46 received as business loan under Paycheck Protection Program from the United States Federal Government. The US Federal government in the wake of COVID 19 pandemic has provided support to business through Paycheck Protection Program (PPP). Subex Inc has obtained a benefit under this scheme for $799,167 (equivalent to Rs 600 lakh) during May 2020.

This loan is eligible for forgiveness on fulfillment of certain conditions. Subex Inc. has applied for forgiveness by making an application to Small Business Administration (SBA), United States government agency for review and approval. Based on the loan forgiveness approval received from SBA, Subex Inc is no longer required to repay the loan of $799,167 and the interest amount of $8,302.46 received as business loan under Paycheck Protection Program from the United States Federal Government.

Subex is a leading telecom analytics solutions provider, enabling a digital future for global telcos.

Subex Share Price

9.73 0.16 (1.67%)
17-Apr-2026 16:59 View Price Chart
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