Subex Azure awarded Successful Listing of the Year by UKTI

Subex Azure Ltd has announced that the Company has been awarded the Successful Listing of the Year Award at the London Stock Exchange (LSE) by UK Trade & Investment (UKTI), the British government’s international business development agency.

"This industry recognition further accentuates our commitment to global growth," said Raj Kumar, Chief Counsel & Company Secretary, of the Company. "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. The award is a pointer to Subex' ability to successfully execute and complete large transactions within a short span of time".

The entire transaction, including an FCCB for US$ 180 million, a material acquisition of US$ 164.5 million, a sponsored GDR issue of US$ 36 million 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 are the only awards from a foreign government that focus on India's excellence as a global business partner for the 21st century, celebrating path-breaking UK-India business partnerships. The annual awards were given under multiple categories. The recipients of the other awards included 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.

Source : Equity Bulls

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