Spice Mobility Surge 20 per cent on Delisting Plan

Posted By:
Subscribe to GoodReturns
For Quick Alerts
Subscribe Now  
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Shares of the Spice Mobility rose 20 per cent on Monday after the company announced that its promoter are planning to voluntarily delist the equity shares of the Company from the National Stock Exchange of India Ltd and BSE Limited.

    Click to know more about delisting of shares.

    Spice Mobility Surge 20 per cent on Delisting Plan

    " 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 in accordance with the provisions of SEBI (Delisting of Equity Shares) Regulations, 2009 and other applicable laws, if any" the company said in the filing.

    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, added further.

    At 11.30 am IST, the shares of the company was seen at Rs 26.40, higher by 4.4 points or 20 per cent on the Bombay Stock Exchange.

    GoodReturns.in

    Read more about: spice mobility
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more