Subex, a provider of operations support systems announced that the company has allotted 15,98,746 equity shares pursuant to the conversion of USD 650,000 out of company's USD 127,721,000 5.70% secured convertible bonds due 2017 on Nov. 25, 2014. Post the conversion, FCCBs aggregating to USD 86.5 million are outstanding under the said Bonds.

Subject to the listing & trading approval of the NSE and BSE the paid up share capital of the company has increased from Rs 169,09,95,710 to Rs 170, 69, 83,170.

Shares of the company gained Rs 0.59, or 4.52%, to trade at Rs 13.65. The total volume of shares traded was 377,620 at the BSE (11.01 a.m., Thursday).