Mobile operator Spice Telecom's manufacturing arm Spice Ltd is going to sell its 48.23 per cent stake in Spice Systems Ltd (SSL) to B K Modi-controlled MCorpGlobal for Rs 10.59 crore.
The Board of Directors of Spice Ltd in a meeting held on March 31 approved the sale of 81.50 lakh shares, constituting 48.23 per cent holding in SSL, at Rs 13 per share, the company informed the BSE.
No other details of the deal were immediately made available in the communique to the stock exchange.Spice Ltd (formerly known as Spice Net) manufactures servers, PCs and other equipments while Spice Systems (SSL) is engaged in office automation.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment