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Update - Conversion of FCCBs

| Updated on September 10, 2015 Published on September 10, 2015

Subex Ltd has informed BSE that the Company has allotted 1,16,42,088 equity shares pursuant to the conversion of US$ 2,700,000 out of the Company’s US$ 64.63 million bonds that are outstanding under the US$ 127,721,000 5.70 per cent secured convertible bonds due 2017 on September 10, 2015. Post the conversion, FCCBs aggregating to US$ 61.93 are outstanding under the said Bonds.

Subject to the listing & trading approval of the NSE and BSE the paid up share capital of the Company has increased from Rs.2,43,75,36,320 to Rs. 2,55,39,57,200.

Source : BSE - >www.bseindia.com

Published on September 10, 2015
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