Spice Televentures, which holds 20.18 per cent equity in Spice Mobile, has reached an agreement to increase its stake in the com pany to 63.23 per cent through the purchase of shares from two other promoter groups.

Spice Televentures, which holds 20.18 per cent equity in Spice Mobile, has reached an agreement to increase its stake in the company to 63.23 per cent through the purchase of shares from two other promoter groups. Spice Televentures will acquire about 32 million shares, amounting to 43.05 per cent stake, from Spice Infotainment and Twenty First Century Capitals. In accordance with the regulations of the Securities and Exchange Board of India, Spice Televentures has decided to make a public offer to the shareholders of Spice Mobile for purchase of additional shares.