OnMobile up 13% on pact

OnMobile Global shares surged 13.15 per cent to Rs 516.75 on news of the company inking a pact with Spain’s Telefonica. Under the agreement, OnMobile will provide value-added services like music radio, soccer portal and voice search to Telefonica’s customers across 13 Latin American countries.

The company proposes to invest over $50 million over the next few years in these markets. The stock opened at Rs 468 and made an intra-day high of Rs 536 and a low of Rs 466.