Sony Ericsson is in talks to acquire BK Modi’s Spice Mobile. Sources close to the development confirmed that the Modi group had demanded Rs 80-100 per share, which values Spice Mobile at around Rs 700 crore. BK Modi directly owns about 64% in Spice Mobile. However, it is not clear if Sony Ericsson will accept this price. Spice Mobile shares closed at Rs 22.7 on BSE on Thursday, which gives the company a market capitalisation of around Rs 177 crore.
news on economictimes
Dahej Me Dhokha
14 years ago
Posts
0 Comments:
Post a Comment