Subex, a provider of operations support systems, announced that the company has allotted 9.48 million equity shares pursuant to the conversion of USD 2.20 million out of the company's USD 47.43 million bonds that are outstanding under the USD 127.72 million (5.70%) secured convertible bonds due 2017 on Nov. 18, 2015.

''Post the conversion, FCCBs aggregating to USD 45.23 million are outstanding under the said bonds,'' the company said.

Earlier, the company has allotted 4.31 million equity shares pursuant to the conversion of USD 1.00 million out of the company's USD 48.43 million bonds

Shares of the company gained Rs 0.1, or 0.9%, to trade at Rs 11.15. The total volume of shares traded was 2,120,811 at the BSE (12.34 p.m., Thursday).