 "Spice Mobility surges 20% on acquisition of stake in Sunstone Eduversity")
Spice Mobility is locked in upper circuit of 20% at Rs 25.05 on the National Stock Exchange (NSE) after the company announced the acquisition of stake in education firm Sunstone Eduversity Private Limited.
“Spice Digital Limited (SDL), a subsidiary company of the company, has acquired 22.54% equity stake in Sunstone Eduversity Private Limited, a company incorporated for the purpose of engaging in the line of education business,” Spice Mobility said in a regulatory filing.
Consequent to the said acquisition, Sunstone Eduversity Private Limited has become an associate company of SDL, it added.
Till 02:24 p.m. a combined 209,773 shares changed hands and there were pending buy orders for 120,562 shares on the NSE and BSE.
“Spice Digital Limited (SDL), a subsidiary company of the company, has acquired 22.54% equity stake in Sunstone Eduversity Private Limited, a company incorporated for the purpose of engaging in the line of education business,” Spice Mobility said in a regulatory filing.
Consequent to the said acquisition, Sunstone Eduversity Private Limited has become an associate company of SDL, it added.
Till 02:24 p.m. a combined 209,773 shares changed hands and there were pending buy orders for 120,562 shares on the NSE and BSE.
