22 Feb 2010 07:00

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February 20, 2010
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The London Stock Exchange
10 Paternoster Square London EC4M 7LS
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Dear Sir
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Sub: Allotment of 1,499,501 equity shares upon conversion of FCCBs
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Please be informed that the Allotment Committee of the Board of Directors of the Company has issued 1,499,501 equity shares upon conversion of FCCBs of principal amount of US$ 2.50 million by the holders of Company's US$ 98.7 million 5% Coupon Convertible Unsecured Foreign Currency Convertible Bonds. Post the conversion, FCCBs aggregating to US$ 72.8 million are outstanding.
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Consequently the paid up share capital of the Company has increased from Rs. 488,848,340 to Rs. 503,843,350.
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We request you to take the aforesaid notification on record.
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Thanking you
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Yours truly,
For Subex Limited
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Raj Kumar
Chief Counsel & Company Secretary
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