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Q.

What happend about Spice communication ltd, Script has not seen trade, i have 1000 share.so plz give suggestion.

About: Spice Communications Ltd.

Tags: money, careers, education
Asked by mahadeo, 19 Mar '10 11:24 am
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Answers (2)

1.

Very sad to share with you, you will have now only 500share of IDEA,, which means, you have almost lost 50% of your investment as me.
Answered by S Subrahmanyaam, 29 Mar '10 07:07 pm

 
  
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2.

Spice Communication Fixes Record Date for merger with Idea Cellular


Idea Cellular Ltd has announced that in connection with the Scheme of Amalgamation ('the Scheme') of Spice Communications Ltd. (hereinafter referred to as Spice) with Idea Cellular Ltd. (hereinafter referred to as Idea), sanctioned by the Hon'ble High Court of Delhi at New Delhi and the Hon'ble High Court of Gujarat at Ahmedabad, the Board of Directors of Idea have fixed March 12, 2010 as the 'Record Date' for the purpose of drawing up the list of shareholders of Spice to whom Equity Shares in Idea are to be issued and allotted pursuant to the said Scheme.

The Court Orders have been filed in the respective offices of the Registrar of Companies and the Scheme became effective on March 01, 2010.

Further, in accordance with the Scheme, the Equity Shareholders of Spice (Transferor Company) as on the Record Date would be issued and allotted Equity Shares in the ratio of 49 (Forty Nine) Equity Shares of Rs. 10/- ...more
Answered by sachin, 23 Mar '10 09:23 am

 
  
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