MoneyWorks4Me

Spice Mobility rises with arm entering into agrrement to invest up to Rs 25 crore in ATL

02 Jan 2018 Evaluate

Spice Mobility is currently trading at Rs. 24.50, up by 0.25 points or 1.03% from its previous closing of Rs. 24.25 on the BSE.

The scrip opened at Rs. 24.25 and has touched a high and low of Rs. 24.50 and Rs. 23.40 respectively. So far 5409 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 3 has touched a 52 week high of Rs. 33.60 on 18-Jul-2017 and a 52 week low of Rs. 13.07 on 08-Jun-2017.

Last one week high and low of the scrip stood at Rs. 27.00 and Rs. 23.05 respectively. The current market cap of the company is Rs. 546.87 crore.

The promoters holding in the company stood at 74.36%, while Non-Institutions held 25.64% stake in the company.

Spice Mobility’s arm - Spice Digital has entered into an agreement to invest up to Rs 25 crore in Luharia Technologies that runs the peer-to-peer lending platform AnyTimeLoan.in (ATL). Spice Mobility runs Spice Money, a fintech business offering financial services.

This strategic partnership with ATL will enable Spice to offer loan products tailor-made for its customer segment.

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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