Subex is currently trading at Rs. 35.65, up by 3.00 points or 9.19% from its previous closing of Rs. 32.65 on the BSE.
The scrip opened at Rs. 32.60 and has touched a high and low of Rs. 36.10 and Rs. 32.45 respectively. So far 444734 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 85.75 on 04-Jan-2011 and a 52 week low of Rs. 28.00 on 16-Nov-2011.
Last one week high and low of the scrip stood at Rs. 36.10 and Rs. 32.00 respectively. The current market cap of the company is Rs. 226.30 crore.
The promoters holding in the company stood at 11.69% while Institutions and Non-Institutions held 18.03% and 57.10% respectively.
Subex has received its board’s approval to raise up to $135 million through Qualified Institutional Placement (QIP), Preferential Issue and/or Private Placement of equity shares and/or equity shares through Global Depository Receipts (GDRs), American Depository Receipts (ADRs), Foreign Currency Convertible Bonds (FCCBs) and/or any securities convertible into equity shares at the option of the company.
Further, the company board has also gave approval to increase the authorized share capital of the company from Rs 130 crore to Rs 247 crore in accordance with Section 94(1 )(a) of the Companies Act, 1956 and other applicable provisions, and subject to the approval of the Members of the Company.
Subex is a leading global provider of business support systems that empowers communication service providers to achieve competitive advantage through Business Optimization-thereby enabling them to improve their operational efficiency to deliver enhanced service experiences to subscribers.
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