Spice Televentures to increase stake in Spice Mobile
Spice Televentures, which holds 20.18 per cent equity in Spice Mobile, has reached an agreement to increase its stake in the company to 63.23 per cent through purchase of shares from two other promoter group entities. Spice Televentures will acquire about 32 million shares, amounting to 43.05 per cent stake, from Spice Infotainment and Twenty First Century Capitals. The three entities together form part of the promoter and promoter group of Spice Mobile. Further, in accordance with the Securities and Exchange Board of India's regulations, Spice Televentures has decided to make a public offer to the shareholders of Spice Mobile for purchase of additional shares in the company.
- Most Viewed
- Most Rated
- Most Shared
- Related Articles
- Sterlite Technologies announces results ...
- Margins Under Pressure - Bharti and Idea...
- GTL Limited reports 26 per cent fall in ...
- Sify Technologies Limited reports third ...
- Financial briefs of March 2011
- Rush for Funds - 3G and BWA auctions spu...
- Spice Group plans to raise $ 1 billion t...
- Spice Mobility Limited plans to transfer...
- MTNL posts its results for the first qua...
- Banglalink raises $102 million through c...
No Most Rated articles exists!!
