Expect RBI approval for FCCBs extension soon: Subex
Subex’s foreign currency convertible bonds (FCCBs) are due on March 9. In an interview to CNBC-TV18, Subash Menon, MD and CEO says, the company has applied to the RBI for extension of the due date from March 9 to July 9. “We are quite confident that the RBI approval will come through. We are expecting that in the next few days," he adds.