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Subex receives NCLT approval for scheme of reduction of share capital

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Capital Market

On 23 September 2020

The Board of Subex at its meeting held on 24 September 2020 has taken note of the order of the National Company Law Tribunal, Bengaluru Bench passed on 23 September 2020 approving the scheme of reduction of equity share capital of the company from Rs 562 crore to Rs 281 crore by reducing face value of the equity shares from Rs 10 each to Rs 5 each.

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First Published: Sep 24 2020 | 3:40 PM IST

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