Subex, a provider of operations support systems, witnessed a rise in share price on Wednesday after the company said that a meeting of the board of directors of the company is scheduled on March 24  2017, to consider and approve the raising of funds by way of issue of equity shares on preferential basis.

Shares of Subex are trading at Rs 11.62, up Rs 0.69, or 6.31% at the Bombay Stock Exchange (BSE) on Wednesday at 10:50 a.m.

The scrip has touched an intra-day high of Rs 11.78 and low of Rs 11.20. The total volume of shares traded at the BSE is 1,787,933.

Total volume of shares traded on the bourses today was higher by 227.93% to 9,864,982 compared with 22-day average volume of 3,008,291.