Spice Mobility’s subsidiary - Spice Digital (SDL) has acquired 26% stake in Creative Functionapps Lab. Consequent to the said acquisition, Creative Functionapps Lab has become an associate company of SDL.
Creative Functionapps is engaged in the business of telecom and mobile internet and developing innovative products and solutions for the next generation telecom networks. The products and solutions of the company range from analytics based telecom network performance and monitoring to mobile and internet consumer services.
Spice Mobilityis engaged in manufacturing of mobile phones. The company offers a wide range of mobile handsets catering to all segments -- low, medium, high-end.