The members of Subex have accorded to the board to offer, issue and allot in one or more tranches where rupee denominated or denominated in foreign currency in the course of international/ domestic offering in one or more foreign markets with issuance of up to 80,000,000 equity shares of the company representing such number of GDRs, ADRs, FCCBs or a combination of securtiies.
This was accorded at the extra ordinary general meeting held on 20 October 2009.