In the single largest overseas acquisition by an Indian software firm, telecom software product company Subex Systems on Monday acquired British fraud management firm Azure Solutions in a $140 million stock-cum-cash deal.
Subex Systems Ltd won won a contract for GSM network of Ikatel in Mali, to deploy its Fraud Management Software Ranger TM.
Subex Azure, a telecom software product firm, is making the largest-ever overseas acquisition by an Indian software player by acquiring Canada-based Syndesis Limited for $164.5 million (around Rs 740 crore or Rs 7.4 billion) in an all-cash deal.
Subex Systems continued its upward sojourn on Wednesday after rallying smartly on Tuesday.
Telecom software company Subex Systems Ltd on Tuesday said it has bagged an order for its flagship fraud management system, Ranger, from a US-based Internet Service Provider.
Subex Systems Ltd said it's fraud management system, ranger went live at the Sri Lankan GSM operator, MTN Networks.
The Bangalore-based telecom software product company Subex Systems on Tuesday launched its operations in China, where it is targetting a 15 per cent market share in two years, contributing $8 million to its revenues.
Subex Systems has risen 35.46 per cent from Rs 83.60 touched on 31 March to Rs 113.75 on May 9.
Subex Systems Ltd board approved issue of the redeemable optionally convertible cumulative preference shares/equity shares on preferential basis.
In a filing to the Bombay Stock Exchange Subex said it has signed a multi-million dollar contract with a US-based communication services provider to implement a software that helps in cost management.
Subex Azure, the Rs 250 crore software developer and vendor of revenue maximisation solutions
Subex Systems Ltd will seek holdersÂ’ nod to allot up to 18,87,000 redeemable optionally convertible cumulative preference shares of Rs 98 each totaling Rs 18.49 crore.
Of the 854 stocks that quoted less than Rs 20 on March 23, 2020 - when the Sensex hit more than a three-year low - 482 have doubled.
While many are sweating in the current environment, Rakesh Jhunjhunwala's portfolio has done well and seen new additions.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
Promoters of 517 companies have pledged nearly 46.35 per cent of their shares, the highest since the 2008 global financial crisis.
Market participants are now awaiting Thursday's meeting of the European Central Bank