Subex Limited plans to raise $135 million to redeem foreign currency convertible bonds (FCCBs) of $131 million. According to Subash Menon, founder, chairman, managing director and CEO, Subex, ?We intend to raise the required amount through debt or equity or a combination of the two.?
?We are clearly committed towards our customers and investors and are confident of the future of the business,? added Menon.
Consequent to the sale of its activation products, the company is now focusing on the business optimisation segment.
