Onmobile Global is currently trading at Rs. 37.10, up by 3.00 points or 8.80 % from its previous closing of Rs. 34.10 on the BSE.
The scrip opened at Rs. 34.70 and has touched a high and low of Rs. 38.10 and Rs. 34.15 respectively. So far 853434 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 41.80 on 16-May-2013 and a 52 week low of Rs. 19.05 on 06-Aug-2013.
Last one week high and low of the scrip stood at Rs. 35.20 and Rs. 33.05 respectively. The current market cap of the company is Rs. 425.53 crore.
The promoters holding in the company stood at 38.27 % while Institutions and Non-Institutions held 13.61 % and 48.12 % respectively.
OnMobile Global has executed a non-binding Memorandum of Understanding (MOU) for the potential divestment of its group company, Voxmobili SA, which specializes in mobile telecommunication products. The proposed deal will be subject to and contingent upon certain events, including applicable regulatory and shareholders’ approvals.
If the proposed deal were to consummate, the company could realize an amount ranging between $23 million to $26 million for the divestment of the said company, which is around its book value, subject to escrows and other conditions customarily contracted as a part of such a deal.
Onmobile Global offers contest management, content aggregation and distribution, voice short codes, missed call alerts, multimedia push services, mobile advertising, mobile search, ringtones, ring back tones, personalized music greetings, mobile media portals, phone backup, voice portals, and voice SMS.
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