Subex Ltd. said its board had issued 47,96,238 equity shares of Rs.10 each, upon conversion of Foreign Currency Convertible Bonds (FCCBs) of principal amount of $19,50,000 by the holder(s) of company's $127.721 million 5.70 percent Convertible Secured Bonds.
Post the conversion, FCCBs aggregating to $86.65 million are outstanding under the said Bonds, the company said.
Consequently the paid up share capital of the company has increased to 165,410,158 from Rs.160,613,921.
At the BSE, Subex closed Wednesday's trading at Rs.12.11, down 1.46 percent from the previous close.
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