Approval for restructuring scheme boosts Subex’s scrip
Shital Jibhe / 22 Aug 2017
With the board of IT software products’ company Subex having agreed to a restructuring scheme, its scrip shot up by 4.65% at Rs 8.77 per share on the BSE as at 1049 hours.
With the board of IT software products’ company Subex having agreed to a restructuring scheme, its scrip shot up by 4.65% at Rs 8.77 per share on the BSE as at 1049 hours.
The restructuring is a part of the overall ‘Subex 3.0’ strategy to achieve several objectives, including an exercise to segregate the company’s business into separate verticals in order to facilitate greater focus on each vertical, enhance the ability of the company to enter into specific partnerships, and attract strategic investors at respective business levels.
The company intends to de-risk its various business verticals from each other and enhance value for the shareholders of the company. Meanwhile, on the NSE the stock attracted a total traded value of Rs 204.94 lakh and a traded volume of 23,02,717 shares. On a yearly
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