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| Promoter holding in Spice Mobiles at 63.25 % |
| Press Trust of India / Mumbai Jul 14, 2009, 16:29 IST |
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Spice Mobiles today said its promoter group firm Spice Televentures holds a 63.25 per cent stake in the company pursuant to acquisition of 0.01 per cent stake through an open offer.
Public shareholders have tendered 11,295 shares representing 0.015 per cent stake in the company to the promoters through the open offer, Spice Mobiles said in a filing to the Bombay Stock Exchange (BSE).
Market regulator SEBI had cleared promoter Spice Televentures' Rs 16 crore open offer for purchasing a 20 per cent additional stake in Spice Mobiles at a price of Rs 10.90 a share in May.
Through the open offer, which closed on June 30, the promoters intended to acquire up to 1.49 crore shares or 20 per cent stake in the company.
Earlier in April, Spice Televentures, which already held 20.18 per cent equity in Spice Mobiles, 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.
The company had said Spice Televentures would acquire about 3.2 crore shares amounting to a 43.05 per cent stake from Spice Enfotainment and Twenty First Century Capitals Ltd.
The three entities together form part of the promoter and promoter group of Spice Mobiles.
Shares of Spice Mobiles closed at Rs 12.50, up 0.40 per cent on the BSE.
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