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Spice Mobility surges as its arm acquires additional 3.07% stake in Sunstone Learning

15 Jul 2016 Evaluate

Spice Mobility is currently trading at Rs. 17.70, up by 1.90 points or 12.03% from its previous closing of Rs. 15.80 on the BSE.

The scrip opened at Rs. 17.45 and has touched a high and low of Rs. 18.00 and Rs. 16.45 respectively. So far 15,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 3 has touched a 52 week high of Rs. 35.60 on 13-Jan-2016 and a 52 week low of Rs. 11.55 on 11-Mar-2016.

Last one week high and low of the scrip stood at Rs. 18.00 and Rs. 15.55 respectively. The current market cap of the company is Rs. 422.60 crore.

The promoters holding in the company stood at 74.36%, while Non-Institutions held 25.63%.

Spice Mobility’s subsidiary - Spice Digital (SDL) has acquired further 3.07% stake in Sunstone Learning, an associate of the company. Consequent to the said acquisition, stake of SDL in Sunstone Learning has increased from 38.54% to 41.61%.

Spice Mobility is engaged in manufacturing mobile phones. Its products include smart devices, smart phones, networking phones, feature phones and archived phones. Spice Mobility operates as a subsidiary of Spice Group.
 

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