Spice Mobility soars on its arm divesting entire stake in Exponentially I Mobility

28 Feb 2018 Evaluate

Spice Mobility is currently trading at Rs. 19.00, up by 0.45 points or 2.43% from its previous closing of Rs. 18.55 on the BSE.

The scrip opened at Rs. 19.50 and has touched a high and low of Rs. 20.05 and Rs. 18.75 respectively. So far 54847 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. 20.05 and Rs. 17.10 respectively. The current market cap of the company is Rs. 432.94 crore.

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

Spice Mobility’s step down subsidiary - Spice Labs has divested its entire stake in Exponentially I Mobility, a Limited Liability Partnership (LLP). Consequent to this disinvestment, Spice Labs ceased to be a partner in the said LLP.

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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