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Spice Mobility plans to delist equity shares from recognized stock exchanges

30 Dec 2014 Evaluate

Spice Mobility is planning to delist equity shares of the company from the National Stock Exchange of India and BSE i.e. both recognized stock exchanges, where the equity shares of the company are presently listed in accordance with the provisions of SEBI (delisting of equity shares) regulations, 2009 and other applicable laws, if any. The company’s board will meet on January 02, 2015 to consider the proposal received from ‘Smart Ventures’, the Promoter of the Company, to voluntarily delist the equity shares of the company from recognized stock exchanges.

Further, as per the company’s code of conduct for prevention of insider trading, the trading window for dealing in the securities of the company will remain closed for the directors and designated employees of the company covered under the said code from Dec. 27, 2014 to Jan. 03, 2015 (both days inclusive).

Spice Mobility is engaged in manufacturing of mobile phones. The company offers a wide range of mobile handsets catering to all segments -- low, medium, high-end.

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