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Spice Mobility is locked in 20% to Rs 26.40 on BSE in early morning trade after the company announced that its promoter planning to voluntarily delist the equity shares of the company from the National Stock Exchange of India (NSE) and BSE.
“A meeting of the board of directors of the company will be held on January 02, 2015, inter alia, to consider the proposal received from 'Smart Ventures Private Limited', the promoter of the company, to voluntarily delist the equity shares of the company from the National Stock Exchange of India Ltd and BSE Limited i.e. both recognized stock exchanges, where the equity shares of the company are presently listed,” Spice Mobility said in a statement.
As of September 30, 2014, Smart Ventures Private Limited, the promoter of the company, held 74.36% stake in Spice Mobility.
“A meeting of the board of directors of the company will be held on January 02, 2015, inter alia, to consider the proposal received from 'Smart Ventures Private Limited', the promoter of the company, to voluntarily delist the equity shares of the company from the National Stock Exchange of India Ltd and BSE Limited i.e. both recognized stock exchanges, where the equity shares of the company are presently listed,” Spice Mobility said in a statement.
As of September 30, 2014, Smart Ventures Private Limited, the promoter of the company, held 74.36% stake in Spice Mobility.
Mahesh Prasad - Independent Non Promoter Trust held 20.72% stake, followed by individual shareholders (2.83%) and bodies corporate (1.44%).
Meanwhile, as per the company's code of conduct for prevention of insider trading, the trading window for dealing in the securities of the company will remain closed for the directors and designated employees of the company covered under the said code from December 27, 2014 to January 03, 2015 (both days inclusive), it added.
Till 0916 hours, a combined 102,515 shares changed hands and there are pending buy orders for 111,595 shares on BSE and NSE.
Meanwhile, as per the company's code of conduct for prevention of insider trading, the trading window for dealing in the securities of the company will remain closed for the directors and designated employees of the company covered under the said code from December 27, 2014 to January 03, 2015 (both days inclusive), it added.
Till 0916 hours, a combined 102,515 shares changed hands and there are pending buy orders for 111,595 shares on BSE and NSE.
