Merrill Lynch buys Subex shares

By : |August 31, 2005 0



MUMBAI: Subex Systems Ltd has informed BSE its Allotment Committee of the Board of Directors has approved the allotment of 230,769 equity shares of Rs 10 each at a premium of Rs 290 each consequent to the conversion of Foreign Currency Convertible Bonds of a value of USD 1,500,000 to Merrill Lynch Capital Markets Espana SASV.

Additionally, the company has informed that consequent to the above allotment, its the paid up equity share capital has gone up from 10,607,720 equity shares of Rs 10 each aggregating to Rs 106,077,200 to 10,838,489 equity shares of Rs 10 each aggregating to Rs 108,384,890.

                                 

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Also the company has informed that the entire outstanding FCCBs has been converted by the investors and it does not have any outstanding FCCBs in its books as on date.

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