OnMobile Global, a company engaged in telecom value-added services (VAS), today announced the divestiture of its French subsidiary Voxmobili S.A to Synchronoss Technologies Inc.

The company had signed the share purchase agreement with Synchronoss Technologies in May 2014.

With the closure of this deal, OnMobile realised approximately USD 26 million, subject to escrows and other conditions customarily contracted as part of such deals.

The sale of Voxmobili is directly in line with OnMobile's strategy of focusing on its core products.

Shares of the company gained Rs 2.10, or 6.39%, to settle at Rs 34.95 at the BSE (Tuesday).