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S Mobility to transfer handset business to S Mobile Devices

24 Sep 2012 Evaluate

S Mobility has received its shareholders approval to sell/ transfer its mobile handset business to S Mobile Devices, a wholly owned subsidiary of the company. Earlier on July 5, 2012 the company has received its board’s approval for the same.

S 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.

Peers
Company Name CMP
TCS 2482.50
Infosys 1143.35
HCL Technologies 1403.70
Wipro 190.00
Tech Mahindra 1771.70
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