Comments
OnMobile Systems Inc(OMSI), promoter of OnMobile Global , and Jump Networks have entered into an agreement to extend the proposed stake-sale till December 20. Earlier, OMSI had entered into a share purchase agreement with Jump Networks for the sale of 1.90 crore shares of OnMobile in a price range of ₹75.50 to ₹78 a share. The sale was expected to be conducted within 75 days from the SPA date (September 13). Now, the sale is expected to be conducted by December 20. The sale, if conducted, should be undertaken within the sale price range, it added. Shares of OnMobile closed at ₹34.70, up 1.17 per cent, on the BSE.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.