Subex Limited

Subex has informed the exchanges that on November 18 it allotted 94.86 lakh equity shares pursuant to the conversion of $2.2 million of the company’s $47.43 million bonds that are outstanding under the $127,721,000 - 5.70 per cent secured convertible bonds due 2017. Post-conversion, FCCBs aggregating to $45.23 million are outstanding. The stock of Subex edged up 0.9 per cent at ₹11.15 on the NSE.