Spice Televenture to acquire 43.05% stake in Spice Mobiles (India)

Spice Mobiles, the Indian mobile handset manufacturer, says that Spice Televentures, the founder of Spice Mobiles, will purchase 32.13 million shares or 43.05% of Spice Mobiles equity, taking Spice Televentures stake to 63.23%. Spice Televentures will reportedly acquire the stake from Spice Enfotainment and Twenty First Century Capitals. Spice Televentures will make a public offer to the shareholders of Spice Mobiles.