Subex In Bull Mode : Shares Surges Over 4%

Subex Ltd is trading in bullish mode galloping over 4% in the first half of the Friday’s trade on BSE. The total traded quantity of the stock stood at 12.11 lakhs on BSE.

Subex America’s Inc’s. an overseas subsidiary of the company  has repaid  principal amounts of loans availed by it aggregating to USD 12,000,000 in the following manner:

1. USD 6,000,000 in aggregate to QVT Fund LP, Quintessence Fund LP, Quintessence Fund V LP & QVT FUND IV Ltd.

2. USD 6,000,000 in aggregate to Manchester Securities Corporation & Leeds (Mauritius) Ltd.

BSE IT index is trading in a bearish mood trading low over 82 points or 0.84% at 10103 levels at 10:58 IST.  While peeking in NIFTY IT The index is slipping in trade over 87 points or 0.82% at 10,458.60 levels.

Subex Limited is a holding company, which provides software products and related services to communications service providers across the world. 

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