View News

Subex converts $500000 bonds into equity

Subex converts $500000 bonds into equity

Subject to the listing & trading approval of the NSE and BSE the paid up share capital of the Company has increased from Rs. 5,04,75,19,940 to Rs. 5,06,90,79,360.

Subex Ltd has announced that the Company has allotted 21,55,942 equity shares pursuant to the conversion of US$ 500,000 out of the Company’s US$ 4.10 million bonds that are outstanding under the US$ 127,721,000 5.70 per cent secured convertible bonds due 2017 on July 04, 2016. Post the conversion, FCCBs aggregating to US$ 3.60 million 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. 5,04,75,19,940 to Rs. 5,06,90,79,360.

 

 

Add Comment

Cancel reply

Your email address will not be published. Required fields are marked *