OnMobile Global trades jubilantly on inking agreement with Tata Teleservices

29 Sep 2014 Evaluate

Onmobile Global is currently trading at Rs. 32.35, up by 2.00 points or 6.59% from its previous closing of Rs. 30.35 on the BSE.

The scrip opened at Rs. 30.75 and has touched a high and low of Rs. 32.85 and Rs. 30.75 respectively. So far 84276 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. 23.50 on 14-Nov-2013.

Last one week high and low of the scrip stood at Rs. 35.50 and Rs. 28.80 respectively. The current market cap of the company is Rs. 356.46 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 inked an agreement with Tata Teleservices, making it the exclusive Caller Ring Back Tone partner (CRBT) for the company.

OnMobile will centrally manage Tata’s Content Management Systems across the Code Division Multiple Access (CDMA) and Global System for Mobile Communications (GSM). This deal will enable Tata Teleservices to improve operational efficiency, reduce turnaround time and provide a superior user experience to all its subscribers.

This deal, which has been signed for an initial term of 3 years, will allow Tata’s CDMA subscribers to access a slew of CRBT features which were earlier available only for GSM subscribers. Some of the features include enabling song search and activation through SMS and Tata’s website. Subscribers will also be able to copy each other’s songs by using OnMobile’s Press * to copy feature.

Onmobile Global Share Price

73.48 2.71 (3.83%)
10-Jun-2024 16:01 View Price Chart
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