The Malaysian firm Telekom Malaysia (TM) now holds 39.2 per cent stake in the Indian firm. Spice is also open to the UAE-based telecom firm Etisalat and others having a stake in it.
TM partners Etisalat and NTT DoCoMo in some markets, Chairman, Spice Communications B K Modi said, adding that "if they want to bring them in as part of the deal (for taking stake to 74 pct), we are open to that."
Modi said Spice is in talks with TM and the company is yet to receive any proposal from the latter. He further said that for any deal, the buyers will have to pay at least Rs 60 a share for the stake.
"We are open to all offers..... I have said earlier I would not like shares to be below Rs 60. We will try to get the maximum for shareholders," he added. Shares in Spice were trading 4.44 per cent down at Rs 56.
