Spice Communications (Delisted) share news and announcements
BSE: 532863
Last traded ₹56.75 on 10 Mar 2010
Delisted on 21 May 2010.
Spice Communications share news and announcements
55 announcements, routine notices left out, newest first. Page 2 of 2.
Jul 2008
4 Jul · Updates
1) The Company has withdrawn the petition filed in TDSAT against DoT (Petition No. 12 of 2008) challenging the rejection of applications for grant of licenses for 16 circles by DoT and the same is dismissed as withdrawn by TDSAT. 2) The existing Shareholders Agreement dated 10th March, 2006 between TM International Sdn Bhd, Modi Wellvest Private Limited, Super Infosys Private Limited, McorpGlobal Private Limited, Indian Televentures Private Limited, Orion Telecom Limited and Spice Communications Private Limited as amended stands Terminated pursuant to the termination agreement dated 25th June 2008
Jun 2008
30 Jun · Public Announcement-Open Offer
Public Announcement (PA) is being issued by them, the Manager to the Offer, on behalf of Idea Cellular Limited ("Idea or Acquirer") along with TMI India Ltd ("TMI India"), TMI Mauritius Ltd ("TMI Mauritius"), TM International Berhad ("TMI") and Green Acre Agro Services Private Limited ("GAASPL"), hereinafter collectively referred to as "Person Acting in Concert" Or "PAC", to the equity shareholders of Spice Communications Limited ("SCL" or the "Target Company") pursuant to and in compliance with Regulation 10, Regulation 11 and Regulation 12 and other applicable provisions of the Securities And Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations 1997 and subsequent amendments thereto ("SEBI (SAST) Regulations" or Regulations"). Except for the Persons Acting in Concert, no other person/ individual/ entity is acting in concert with the Acquirer for the purposes of this Offer. The Offer: The Acquirer and the PAC are making an open offer to acquirer up to 137,985,050 equity share ("Shares") of the face value of Rs.10 each, representing in aggregate 20% of the paid-up equity share capital of Target Company (Spice Communications Limited) in terms of Regulation 21(1) of the SEBI (SAST) Regulations, at a price of Rs.77.30 per share (Rupees Seventy seven and thirty paise only) ("Offer Price") payable in cash subject to the terms and conditions mentioned herein. The Offer is not conditional upon any minimum level of acceptance. The Acquirer and the PAC will acquire all the Shares of the Target Company (Spice Communications Limited) that are validly tendered as per terms of the Offer up to a maximum of 137,985,050 Shares. The Specified Date is July 14, 2008. The Date of opening of the Offer is August 22, 2008 & the Date of closing of the Offer is September 11, 2008. A copy of the Public Announcement-Open Offer shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.26 Jun · Meeting
Proceedings of the Annual General Meeting of the Company held on June 3, 2008.The copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.25 Jun · Management
Vide its letter dated June 25, 2008 that "Dr. Bhupendra Kumar Modi, Chairman and Mr. Dilip Modi, Managing Director have resigned from the Board of the Company today".25 Jun · Business
Board of Directors of the Company at its meeting held on June 25, 2008 have considered and: (1) Noted the entering into of a Share Purchase Agreement between MCorpGlobal Communication Private Limited and Idea Cellular Limited for sale of 281,489,350 equity shares of Rs 10/- each of the Company by MCorpGlobal Communication Private Limited to Idea Cellular Limited representing 40.8% of the total paid up equity capital of the Company at a price of Rs. 77.30 per equity share, and (2) Approved merger of the Company with Idea Cellular Limited based on an exchange ratio of 49 Equity Shares of Idea Cellular Limited for every 100 Equity Shares of the Company held by the shareholders.