Spice Mobility rose 2.43% to Rs 19 at 9:40 IST on BSE after the company said that its step down subsidiary divested its entire stake in Exponentially I Mobility, a limited liability partnership.
The announcement was made after market hours yesterday, 27 February 2018.Meanwhile, the S&P BSE Sensex was down 185.79 points or 0.54% at 34,160.60. The S&P BSE Small-Cap index fell 84.63 points or 0.47% at 18,005.50, outperforming the Sensex.
On the BSE, 52,000 shares were traded on the counter so far as against the average daily volumes of 33,000 shares in the past two weeks. The stock had hit a high of Rs 20.05 and a low of Rs 18.75 so far during the day. The stock had hit a 52-week high of Rs 33.60 on 18 July 2017 and a 52-week low of Rs 13.07 on 8 June 2017.
Spice Mobility said that Spice Labs, a step down subsidiary of the company, has divested its entire stake in Exponentially I Mobility, a limited liability partnership (LLP). Consequent to this disinvestment, Spice Labs, ceased to be a partner in the said LLP.
Spice Mobility is engaged in the trading of mobile handsets, information technology (IT) products and their accessories.
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