Subex raises $ 180 million via FCCBs

New Delhi, Mar 2: Software company Subex Azure Ltd today said ithas raised 180 million dollars through Foreign Currency ConvertibleBonds (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 belisted at the London Stock Exchange, represents an important milestonefor Subex Azure,'' Subex Founder Chairman, Managing Director and ChiefExecutive Officer Subash Menon said.

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

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