The stock was up 8% at Rs 448 in intra-day trade on the BSE
The stock rallied 10% from intra-day low after the company declared a special dividend of Rs 25 per share plus Rs 4 as interim dividend.
The stock hit a 52-week high of Rs 431, surges 36% in past two trading sessions from Rs 316 on March 11.
Spreadtrum will pay Sasken $ 45 million as damages /compensation before March 31, 2016 towards this settlement.