On conversion of FCCBs
Subex announced that the Company has allotted 86,23,768 equity shares pursuant to the conversion of US$ 2,000,000 out of the Company's US$ 33.29 million bonds that are outstanding under the US$ 127,721,000 5.70 per cent secured convertible bonds due 2017 on 09 December 2015. Post the conversion, FCCBs aggregating to US$ 31.29 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. 378,88,80,910 to Rs. 387,51,18,590.
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