11 Aug 2010 07:00
August 11, 2010
The London Stock Exchange
10 Paternoster Square London EC4M 7LS
Dear Sir/Madam,
Sub: Outcome of decisions taken by Board of Directors
Please be informed that the Board of Directors of the Company has today approved the following:
·; the issue of upto 8 million equity shares of the Company to M/s Rayed Holding & Finance S.A. for a price of Rs. 80/- per equity share, which would be higher than the minimum price computed in accordance with Chapter VII of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009
·; seeking approval of the members of the Company to the aforesaid issue at the forthcoming Annual General Meeting scheduled to be held on September 13, 2010 at 3 P M at the registered office of the Company.
We request you to take the aforesaid intimation on record.
Thanking you
Yours truly,
For Subex Limited
Raj Kumar
Vice President-Legal & Company Secretary