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OnMobile Global soars on concluding sale of Voxmobili S.A. for $26 million

Onmobile Global Ltd. | IT - Software | IT & ITES | BSE: 532944 | NSE: ONMOBILE

16 Jul 2014 Evaluate

Onmobile Global is currently trading at Rs. 35.85, up by 1.55 points or 4.52% from its previous closing of Rs. 34.30 on the BSE.

The scrip opened at Rs. 36.60 and has touched a high and low of Rs. 37.00 and Rs. 35.85 respectively. So far 316042 shares were traded on the counter.

The BSE group 'B ' stock of face value Rs. 10 has touched a 52 week high of Rs. 39.60 on 01-Jul-2014 and a 52 week low of Rs. 19.05 on 06-Aug-2013.

Last one week high and low of the scrip stood at Rs. 37.00 and Rs. 30.05 respectively. The current market cap of the company is Rs. 413.58 crore.

The promoters holding in the company stood at 48.69% while Institutions and Non-Institutions held 5.83% and 45.49% respectively.

OnMobile Global, a global leader in mobile services, has divested its French subsidiary Voxmobili S.A to Synchronoss Technologies Inc., subsequent to signing of the share purchase agreement in May 2014.

With the closure of this deal, OnMobile realizes approximately $26 million subject to escrow and other conditions customarily contracted as part of such deals. The sale of Voxmobili is directly in line with the company’s strategy of focussing on its core products.

Synchronoss Technologies Inc., is a leader in mobile cloud solutions and is headquartered in New Jersey.

OnMobile Global offers contest management, content aggregation and distribution, voice short codes, missed call alerts, multimedia push services, mobile advertising, mobile search, ringtones, ring back tones, personalized music greetings, mobile media portals, phone backup, voice portals, and voice SMS.

Onmobile Global Share Price

47.09 -0.26 (-0.55%)

16-Apr-2026 14:20 View Price Chart

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OnMobile Global soars on concluding sale of Voxmobili S.A. for $26 million

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