The open offer was announced on April 20 by B K Modi group firm Spice Televentures through its merchant banker Enam Securities, and Sebi received the issue for its consideration on the same day. According to Sebi, it issued its necessary observations on the open offer on May 26, thus clearing the way for the open offer.
B K Modi-controlled Spice Mobile is all set to launch its GSM phone for Rs 800 this month. Branded as the 'People's Phone', the handset, a very basic model, doesn't have a display screen. Spice officials believe the company will sell around one million units in India and 10 million globally over the next 12 months.
The phone is equipped with a 1.3 GHz Quad Core Processor and a majestic 5-inch HD IPS display.
BK Modi group firm Spice Mobiles on Monday launched a Windows-enabled dual-SIM handset 'Spice D-1111' priced at Rs 18,499.
Apple's iconic iPad2 and Samsung's Galaxy Tab are set to face a local challenge.
Most India brands have started offering 3G-enabled phones with a starting price of about Rs 4,000.
Solar-powered phones, triple SIMs - tech-savvy citizens in rural India want it all, and are receiving it, too, from domestic brands.
Users are increasingly taking to dual-SIM handsets, which enable two connections on a single device.
Sonam Kapoor on why she didn't walk the ramp at the WLIFW.
Multinational mobile companies such as Nokia, Samsung, Motorola and LG, who dominate the mobile handset space with over 75 per cent of the market share, might face a new challenge. This time it's not from Chinese unbranded products, which have been flooding the Indian market.
Electronics and white goods manufacturers such as Videocon, Spice, Usha and Mirc Electronics have begun engaging the services of Independent design houses to take on the likes of global giants including Nokia, Sony Ericsson and LG in the mobile handset space. An IDH conducts research and development and designs handsets to enable Indian telcos launch their own mobile handset brands. It takes an upfront one-time fee for the purpose.
Spice Telecom, one of the cellular service providers in Punjab, on Friday announced a 'special ISD offer' for its subscribers in the state, reducing international calling rates from Rs 16 to Rs 3.99 per minute.
BK Modi-promoted group registers company 10 days before the deadline
Sell it to the company's shares during the next year.
Metal shares gained on hopes that the government may adopt ordinance route for mines sector reforms
Demand is expected to grow as most customers await a drop in prices.
How a small-town theatre actor is navigating his way in the world of endorsements, using his Bollywood playbook as a guide.
The company has tied up with five distributors this year.
Budget smartphones will rule the market in 2015.
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