BENGALURU: Shareholder activist Anil Singhvi<\/a> has been appointed the non-executive chairman of telecom products firm Subex<\/a>. He is credited with resurrecting the company's fortunes. 注:股东维权人士阿尼尔的普被任命为电信产品公司的非执行董事长吗Subex。他恢复了公司的命运。
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\nSinghvi, an independent director in the Bengaluru- based firm, recast its capital structure, tightened governance and cleaned up the balance-sheet, stripping down stressed assets.
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Subex had accumulated huge debt, partly because of the decision to buy Canadian telecom firm Syndesis<\/a> for $170 million through issue of bonds. That acquisition failed to pay dividends thanks to the global meltdown of 2008-09.
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As of 2016-17, Subex had $115 million in debt out of which $95 million was equitized and the remaining $20 million has been paid off. \"The worst is behind us. We have recapitalized the firm and prepared the company for growth,\" said Singhvi, who is also the chairman of Ican Investments<\/a> Advisors and was an adviser to Reliance ADA Group for two years.
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Subex CEO Surjeet Singh<\/a> said the company worked with regulators to clean up debt over the past four years. \"We are a promoter-less firm and therefore the independent directors have played an important role in recapitalization and restructuring the business,\" he said. Singh said the company is embarking on its 3.0 strategy, segregating its businesses into separate verticals for sharper focus and operational efficiency.
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普伊施,独立董事在班加罗尔-基于公司重塑其资本结构,加强治理和清理资产负债表,强调资产剥离下来。
Subex积累了巨额债务,部分原因是决定购买加拿大电信公司关节固定术以1.7亿美元的价格发行的债券。收购未能支付股息多亏了2008 - 09年的全球危机。
2016 - 17,Subex有1.15亿美元债务,其中9500万美元是股份化,剩下的2000万美元已经得到了回报。“最糟糕的时期已经过去。我们已经重组公司和准备公司的增长,”普说,他也是我的主席投资顾问和信实ADA集团是一个顾问两年了。
Subex首席执行官Surjeet辛格表示,该公司与监管机构合作,清理债务在过去的四年。“我们是promoter-less公司,因此独立董事发挥了重要作用在资本重组和重组业务,”他说。辛格表示,该公司正着手3.0策略,隔离的企业为独立的垂直行业更加注重和运营效率。
BENGALURU: Shareholder activist Anil Singhvi<\/a> has been appointed the non-executive chairman of telecom products firm Subex<\/a>. He is credited with resurrecting the company's fortunes.
\n
\nSinghvi, an independent director in the Bengaluru- based firm, recast its capital structure, tightened governance and cleaned up the balance-sheet, stripping down stressed assets.
\n
Subex had accumulated huge debt, partly because of the decision to buy Canadian telecom firm Syndesis<\/a> for $170 million through issue of bonds. That acquisition failed to pay dividends thanks to the global meltdown of 2008-09.
\n
As of 2016-17, Subex had $115 million in debt out of which $95 million was equitized and the remaining $20 million has been paid off. \"The worst is behind us. We have recapitalized the firm and prepared the company for growth,\" said Singhvi, who is also the chairman of Ican Investments<\/a> Advisors and was an adviser to Reliance ADA Group for two years.
\n
Subex CEO Surjeet Singh<\/a> said the company worked with regulators to clean up debt over the past four years. \"We are a promoter-less firm and therefore the independent directors have played an important role in recapitalization and restructuring the business,\" he said. Singh said the company is embarking on its 3.0 strategy, segregating its businesses into separate verticals for sharper focus and operational efficiency.
\n
\n\n<\/p><\/body>","next_sibling":[{"msid":58888506,"title":"It\u2019s becoming a high-volume, low-margin game on telecom segment, says COAI director general Rajan S Mathews","entity_type":"ARTICLE","link":"\/news\/its-becoming-a-high-volume-low-margin-game-on-telecom-segment-says-coai-director-general-rajan-s-mathews\/58888506","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":58888582,"entity_type":"ARTICLE","title":"Shareholder activist is chairman of telecom products firm Subex","synopsis":"appointed the non-executive chairman of telecom products firm Subex.He is credited with resurrecting the company's fortunes.","titleseo":"telecomnews\/shareholder-activist-is-chairman-of-telecom-products-firm-subex","status":"ACTIVE","authors":[{"author_name":"Shilpa Phadnis","author_link":"\/author\/479212770\/shilpa-phadnis","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479212770.cms?width=100&height=100&hid=268","author_additional":{"thumbsize":true,"msid":479212770,"author_name":"Shilpa Phadnis","author_seo_name":"Shilpa-Phadnis","designation":"Principal Correspondent","agency":false}}],"Alttitle":{"minfo":""},"artag":"TNN","artdate":"2017-05-29 08:52:39","lastupd":"2017-05-29 08:53:45","breadcrumbTags":["Anil Singhvi","industry","investments","Subex","Syndesis","Surjeet Singh"],"secinfo":{"seolocation":"telecomnews\/shareholder-activist-is-chairman-of-telecom-products-firm-subex"}}" data-news_link="//www.iser-br.com/news/shareholder-activist-is-chairman-of-telecom-products-firm-subex/58888582">
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