Subex, a provider of operations support systems, today announced that the company has allotted 24.2 million equity shares pursuant to the conversion of USD 5,620,000 out of the company’s USD 45.23 million bonds that are outstanding under the USD 127,721,000 5.70% secured convertible bonds due 2017 on Nov. 23, 2015.
Post the conversion, FCCBs aggregating to USD 39.61 million are outstanding under the said bonds.
The paid up share capital of the company has increased from Rs. 3.27 billion to Rs. 3. 51 billion.
