Subex raises $ 180 mln via FCCBs

Saturday, March 17, 2007, 10:55 [IST]

New Delhi, Mar 2 (UNI) Software company Subex Azure Ltd today said it has raised 180 million dollars through Foreign Currency Convertible Bonds (FCCBs) to fund the acquisition of Syndesis Ltd.

The consideration for the proposed acquisition is 165.4 million dollars.

''This capital raising exercise of the convertible bonds, to be listed at the London Stock Exchange, represents an important milestone for Subex Azure,'' Subex Founder Chairman, Managing Director and Chief Executive Officer Subash Menon said.

Syndesis Ltd is a leading global provider of telecom OSS (Operational Support Software) solutions.

UNI

Topics: IT-SUBEX-FUND

Other articles published on March 17, 2007

USD flat; Euro and Yen up, Pound down

Saturday, March 17, 2007,10:56 [IST]

Mumbai, Mar 3 (UNI) Following are the indicative currency notes and travellers' cheques buying and selling rates per unit as supplied by Thomas Cook India here today. (Figures in Rupees) Currencies Buy Sell US dollar 42.20 46.25 Sterling pound 82.25 89.50 Euro 55.45 60.80 Australian dollar 33.40 35.85 Bahrain dinar 110.95 123.30 Canadian dollar 35.30 38.85 Danish kroner 7.25 8.25 Egyptian pound 6.00 8.25 Hongkong dollar 5.30 6.10 Japanese yen/100 35.85 38.90 Jordan dinar 56.20 63.85 Kuwait dinar 140.05 159.10 Malaysian.....

Sensex major crashes by 746.40 pts during the week

Saturday, March 17, 2007,10:56 [IST]

Mumbai, Mar 3 (UNI) The BSE Sensex shrunk below the psychological level of 13,000, to settle at 12,886.13 with a major loss by 746.40 points for the week ended March 2, 2007, compared with the previous week's closing of 13,632.53. The market declined amid high volatility. Before the market could overcome the pre-Budget blues, a disappointing Union Budget 2007-08 and weak Asian markets pushed the market lower. Similarly, the S&P CNX Nifty index of NSE also lost 212.20 points, to.....

Limitless Updates

Business News

News Archives

India's young labour force to give it an edge over others: Felman

Saturday, March 17, 2007,10:56 [IST]

Mumbai, Mar 3 (UNI) In the coming years, India will benefit from a huge advantage compared to other countries - a young labour force, Dr Josh Felman, Resident Director of International Monetary Fund (IMF) said today. ''At a time when Japan and even China are aging rapidly, more than half of India's population is below the age of 25. In fact, India will account for one-quarter of the increase in the world's workforce over the next five years,'' said Dr Felman.....

Precious metals decline sharply

Saturday, March 17, 2007,10:56 [IST]

Mumbai, Mar 3 (UNI) Spot Silver and Gold declined sharply today in the opening session, traders at the Bombay Bullion association said. Following are the opening rates of Spot Silver and Gold: Silver (per kg).999 fineness grade: Rs 19,080, Gold (per 10 gm): Gold 99.5 purity standard mint : Rs 9,280 Gold 99.9 purity pure Gold : Rs 9,330 UNI.....

Sugar prices up on fresh demand

Saturday, March 17, 2007,10:56 [IST]

Mumbai, Mar 3 (UNI) Sugar prices edged up on fresh demand, Bombay Sugar Merchants' Association traders said today. Sugar in small and medium grade rose by Rs 10 each per quintal on better buying support. Sugar in ex-mill small and medium grades rose by Rs 15 and Rs five per quintal, respectively, because of higher advice. Following were the spot wholesale rates per quintal: Small grade: Rs 1,460/1,500, Medium grade: Rs 1,485/1,565, Ex-mill: Small grade: Rs 1,460/1,470, Medium grade: Rs 1,480/1,490......