Subex Azure wins LSE Successfull Listing Award

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Bangalore Oct 8: Subex Azure Ltd, global provider of Operations Support Systems (OSS) solutions for telecom operators, has been awarded the Successful Listing of the Year Award at the London Stock Exchange (LSE) by UK Trade and Investment (UKTI), the British Government's international business development agency.

In a release here Chief Counsel and Company Secretary Raj Kumar said the award further accentuated Subex's commitment to global growth.

''The UKTI award is a testimony to the growing partnership between UK and India and a reflection of how Indian firms have been taking advantage of the new economic landscape,'' he added.

The entire transaction, including an FCCB for 180 million US Dollar, a material acquisition of 164.5 million USD, a sponsored GDR issue of 36 million USD and transfer of existing GDRs from Luxembourg to LSE was completed in a record time of less than 90 days.

The UKTI India Business Awards were given under multiple categories. The recipients of other awards include companies like Tata Sons for Investor of the Year and icons like Azim Premji for Business Person of the Year and Dr Vijay Mallya for Entrepreneur of the Year.


UNI

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