 "Spice Mobility surges 20% on acquisition of stake in Sunstone Eduversity")
Spice Mobility is locked in upper circuit of 20% at Rs 25.05 on the National Stock Exchange (NSE) after the company announced the acquisition of stake in education firm Sunstone Eduversity Private Limited.
“Spice Digital Limited (SDL), a subsidiary company of the company, has acquired 22.54% equity stake in Sunstone Eduversity Private Limited, a company incorporated for the purpose of engaging in the line of education business,” Spice Mobility said in a regulatory filing.
Consequent to the said acquisition, Sunstone Eduversity Private Limited has become an associate company of SDL, it added.
Till 02:24 p.m. a combined 209,773 shares changed hands and there were pending buy orders for 120,562 shares on the NSE and BSE.
“Spice Digital Limited (SDL), a subsidiary company of the company, has acquired 22.54% equity stake in Sunstone Eduversity Private Limited, a company incorporated for the purpose of engaging in the line of education business,” Spice Mobility said in a regulatory filing.
Consequent to the said acquisition, Sunstone Eduversity Private Limited has become an associate company of SDL, it added.
Till 02:24 p.m. a combined 209,773 shares changed hands and there were pending buy orders for 120,562 shares on the NSE and BSE.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%