Spice Mobility is currently trading at Rs. 15.35, up by 0.30 points or 1.99% from its previous closing of Rs. 15.05 on the BSE.
The scrip opened at Rs. 15.30 and has touched a high and low of Rs. 15.35 and Rs. 15.00 respectively. So far 1,160 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 3 has touched a 52 week high of Rs. 21.00 on 13-Dec-2016 and a 52 week low of Rs. 12.00 on 09-May-2016.
Last one week high and low of the scrip stood at Rs. 15.45 and Rs. 14.80 respectively. The current market cap of the company is Rs. 365.46 crore.
The promoters holding in the company stood at 74.36%, while Non-Institutions held 0.00 % and 25.64% respectively.
Spice Mobility has received an approval for sale of entire stake in Kimaan Exports, a wholly owned subsidiary, to Spice Digital, another subsidiary of the company. Consequent to this, Kimaan Exports will cease to be a wholly owned subsidiary of the company and become step down subsidiary of the company.
The consideration of sale is not less than Rs 62.5 crore based on the valuation report, and will be received in tranches as per the terms agreed between the parties. The board of directors at its meeting held on March 16, 2017 has approved for the same.
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.