ValuePick's for 2014: Updates Spice mobiles

"Wealth creation through systematic investment"

We all are investing to make more than what we have invested so that we can have more purchasing power in future.

Shared here are some of the ideas on how to create wealth out of your savings through systematic and organised investing in all spheres of investment portfolio. Effort here is to identify those areas where investment could fetch greater returns in long term perspective

We believe there should be mix of insurance policies, equities, bonds/ debt instruments, mutual funds, precious metals, real estate properties, loans in your portfolio to make your investment wealthy.

Investing in stock market, debt instruments, mutual funds, real estate without proper evaluation are prone the risk of 'loss of capital' due to general financial risk of market, promotors & operators not acting in bonafide interest of small investors etc

The issues posted here are only a fig of a tree and investor who are investing their hard earned money are advised to independently analyse the issues or consult an investment advisor before making any decision.

"CAUTIONARY NOTE" - this blog is not responsible for any loss, whatsoever . please do consult an investment advisor if your not able to evaluate the investment / economic / risk scenario independently

feel free to contact us at
sherkochiraj@indiatimes.com or at rmanjuesh@gmail.com

Wednesday, February 9, 2011

Updates Spice mobiles

Spice Mobility Ltd has informed BSE in December 2010 that the Company has acquired 100% Share Capital of M/s. Kimman Exports Private Limited, which is having a property admeasuring 3162 Sq. Meters land area and 90,000 square ft. Built-up area located at Noida, at a total consideration of approximately Rs. 45.51 crores/- (Rupees Forty Five Crores and Fifty One Lacs only).On the said acquisition Kimman Exports Private Limited has become a wholly owned subsidiary of the Company.
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Spice Mobility Ltd has informed BSE in 15 November 2010 that in accordance with the Scheme of Amalgamation of Spice Televentures Pvt. Ltd. ('Transferor Company') with the Company, the Company has allotted 16,34,48,285 equity shares of Rs. 3/- each to the shareholders of Transferor Company. Consequently the following changes have occurred:

1. The issued share capital has increased from Rs. 22,39,14,000/- divided into 7,46,38,000 equity shares of Rs. 3/ each to Rs. 71,42,58,855/- divided into 23,80,86,285 equity shares of Rs. 3/- each.

2. Pursuant to the allotment of the aforesaid shares, Spice Global investments Pvt. Ltd. is now holding 16,34,48,285 equity shares constituting 68.65% of the paid up capital of the Company (including 3955 equity shares of face value of Rs. 3/- each allotted to Mr. Gopal Singh Negi in which beneficial interest is held by Spice Global Investments Pvt. Ltd).
3. The Company has become a subsidiary of Spice Global Investments Pvt. Ltd.
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Spice Mobility Ltd has informed BSE that the Scheme of Amalgamation between Spice Mobility Limited and Spice Televentures Private Limited has become effective on November 04, 2010 on filing of the respective court orders with ROC by both the companies and the appointed date as per the scheme is January 01, 2010.
The Company further inform that on becoming effective the said scheme -
(i) Authorised Share Capital of the Company has increased from Rs 51,00,00,000 to Rs 99,00,00,000, divided into 33 crore equity shares of Rs. 3/- each.
(ii) Ms. Divya Modi & Mr. D. R. Mehta have been appointed as Directors of Spice Mobility Limited.
(iii) The following companies, being subsidiaries of Spice Televentures Pvt Ltd, the transferee company, have become the subsidiaries of Spice Mobility Ltd

1. Spice Digital Limited and its subsidiaries namely-

(a) Mobisoc Technology Pvt. Ltd

(b) Spice Labs Pvt. Ltd

(c) Spice Mobile VAS Pte. Ltd

(d) Spice VAS (Africa) Pte. Ltd

(e) Spice Digital Nigeria Ltd

2. Spice Distribution Limited

3. Hindustan Retail Private Limited and its subsidiaries namely -

(a) Spice Retail Limited

(b) Cellucom Retail India (P) Ltd

(iv) The Company is in the process of allotment of shares to the shareholders of Spice Televentures Private Limited.