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Spice Communication soars on stake purchase buzz

DALAL STREET SPIKES

BS Reporter Mumbai

While some say that Idea Cellular is set to acquire B K Modi's stake of 40.80 per cent in the company for about Rs 2,200 crore, others hinted that the West Asian telecom maker, Baharin Telecom has joined the race with Idea Cellular to acquire the promoter's stake in Spice.

The stock hit an intraday high of Rs 59.75 and a low of Rs 54.25. The scrip saw a turnover of 1.01 crore shares against the two week average of 78.4 lakh shares.

 

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First Published: Jun 11 2008 | 12:00 AM IST

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