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 Info-Tech - Software


Subex to raise $20 m

Our Bureau

BANGALORE: Telecom software maker, Subex Systems, said on Wednesday that its board of directors would meet on April 30 to discuss raising up to $20 million.

The board will consider raising the funds by way of foreign currency convertible bonds or through any other suitable issue, the company said in a notice to Bombay Stock Exchange.

A Subex spokesperson said the company was raising funds to finance its further expansion plans even while declining to spell out details.

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