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Subex has informed the BSE that it has allotted 15,98,746 equity shares pursuant to the conversion of $650,000 out of the company’s $127,721,000 5.70 per cent secured convertible bonds due in 2017 on December 17, 2014. Post-conversion, FCCBs aggregating to $85.85 million are outstanding under the said Bonds. As a result of the allotment, the paid-up share capital of Subex has now increased from to ₹172,29,70,630 from ₹170,69, 83,170.
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