Subex to raise authorised capital to Rs 130 cr

Telecom software maker Subex Ltd has decided to raise its authorised capital to Rs 130 crore and has offered to exchange outstanding convertible bonds worth $180 million that will mature in 2012 for new bonds.

Subex has invited the holders of its $180 million, two per cent coupon convertible unsecured bonds due in 2012 to exchange them for 5 percent bonds due in the same year, according to Barclays Capital.

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