Spice Mobility Intending Increase Rs 650-700 Cr By IPO

Spice Mobility Intending Increase Rs 650-700 Cr By IPOSpice Mobility is intending to increase almost Rs 650-700 cr by way of treasury stake sale, It’s learnt that the firm will sell 19.8percent Stake or even 4.7 cr shares kept in treasury.

Sources include that Standard Chartered is mandated selling spice mobility treasury share. The company chairman has confirmed\ which treasury stake sale will be in Dec.

At the same time, the firm also mentioned that Spice Group will file DRHP ( Draft Red Herring Prospectus ) for Spice Digital in Jan 2011. The company that is valued at approximately Rs 1600 cr

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