Subex has allotted 19.40 lakh equity shares pursuant to the conversion of $450,000 worth bonds on April 20, 2016. These foreign currency convertible bonds are part of the $ 4.55-million bonds outstanding under the $27,721,000 bonds (5.70 per cent) due 2017. Post-conversion, FCCBs aggregating to $4.10 million are outstanding. The paid-up share capital of the company has increased to ₹504.75 crore from ₹502.81 crore, subject to approval for listing and trading of the new shares from the NSE and the BSE, it informed the exchanges. Shares of Subex closed at ₹9.75, down 0.25 per cent on the NSE.

Pitti Laminations has informed the exchanges that a strike by workmen has been called off effective April 20. The company had on March 18 informed the exchanges of the strike by the workmen to protest the shifting of operations from Plant I. The strike has been called off after the management and the union entered into a settlement. Operations are back to normal with immediate effect, the company said in the notification. Shares of Pitti Laminations slumped 4.98 per cent at ₹36.45 on the NSE.

Skipper, leading global manufacturers of power transmission & distribution structures and a significant player in the water infrastructure of India, has secured new orders worth about ₹200 crore from Power Grid Corporation of India. In a notification to the stock exchanges, the company said it is favourably placed for contracts worth another ₹300 crore with Power Grid. These orders are predominantly for 765 KV double circuit transmission tower supply to various Power Grid projects and transmission line construction on turnkey basis. Shares of Skipper gained 1.55 per cent at ₹156.6 on the NSE.

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