Spice Mobility shares soar 20 pc on delisting plans

Shares of handset maker Spice Mobility surged 20 per cent today ahead of the company's board meeting to consider a proposal for delisting.
Spice Mobility's stock zoomed 20 per cent to Rs 26.40 -- its upper circuit limit on the BSE.
At the NSE, it jumped 19.95 per cent to touch its highest trading permissible limit for the day at Rs 26.15.
In a filing to the BSE, Spice Mobility said, "... A meeting of the Board of Directors of the company will be held on January 2, 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 and BSE."

Smart Ventures holds 74.36 per cent stake in the company, the company's latest shareholding pattern shows.