Subex to remain in focus on FCCB conversion

Subex has said it has allotted 86,23,769 equity shares post-conversion of $2 million of its $50.43 million bonds outstanding under the $127-million 5.70 per cent secured convertible bonds due in 2017, on November 11, 2015. Post-conversion, FCCBs worth $48.43 million are outstanding under these bonds. Subject to approvals of the NSE and the BSE, Subex's paid-up share capital has risen to ₹3,13,60,61,600 from ₹3,04,98,23,910.