Subex to issue 6 million shares to promoters: Report
The board of Subex, a leading global provider of operations and business support systems (OSS/BSS), is believed to have approved issue of up to 6 million shares to promoters of the company at Rs 80 per share, as mentioned in some media reports.
The proposed move will help the promoters to raise their stake in the company by 6%.
For December 2099 quarter, Subex had posted a net profit of Rs 46.68 crore against Rs 7.72 crore reported for the September 2009 quarter, registering a quarter-on-quarter (QoQ) growth of 504.66%.
Click here for technical analysis and community tips for Subex
Did not find what you were looking for?
Custom Search
