Subex Azure CEO raises stake in company |
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Published
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Wed, 13 Jun 2007 11:50
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LONDON (Thomson Financial) - India's Subex Azure Ltd (SAL) said its promoter group, comprising holding company Subex Holdings Private Ltd (SHPL) and SAL chief executive Subash Menon, has raised its stake in the company to 13.07 pct from 8.73 pct through a warrant issue.It said SHPL's chief operating officer Sudeesh Yezhuvath will also increase his stake from 0.37 pct to 1.51 pct.Menon and Yezhuvath have been allotted 1.8 mln and 0.43 mln warrants respectively in SAL, each convertible into one equity share and priced at 630.31 Indian rupees.TFN.newsdesk@thomson.comypv/ran/tcCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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India's Subex Azure wins contract from Mozambique's mCel for undisclosed sum 