Onmobile Global’s parent company, OnMobile Systems Inc plans to acquire 1.19 crore shares via open offer, which represents 10.03% of the fully diluted voting share capital of the company at a price of Rs 40 per share. As on December 31 2013, OnMobile Systems Inc held 3.90 crore shares, or 34.16% stake in OnMobile Global.
The open offer price of Rs 40 per share represents a premium of 31.57% over the stock's closing price of Rs 30.40 on Tuesday, 11 February 2014.
OnMobile Global reported consolidated net loss of Rs 8.37 crore in Q3FY14 as against net profit of Rs 20.64 crore in Q3FY12. It’s consolidated net sales rose 28% to Rs 225.47 crore in December quarter (Y-o-Y basis).
| Company Name | CMP |
|---|---|
| TCS | 2524.35 |
| Infosys | 1292.35 |
| HCL Tech. | 1450.90 |
| Wipro | 204.85 |
| Tech Mahindra | 1440.40 |
| View more.. | |
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