Spice Mobility has received its board’s approval for acquisition of 49% stake by ‘Digitone’ in Spice Online (SOPL), a wholly owned subsidiary company, engaged in the business of operating a technology platform designed for business referral and search engine requirements, with intent to expand into business to business e-commerce space. The company’s board gave approval for the same at its meeting held on June 15, 2016.
The company, in the capacity of promoter of ‘SOPL’, has executed a Share Subscription and Shareholders’ Agreement whereby 49% of the shares of the SOPL will be subscribed by ‘New Idea Investment’, Singapore (Digitone), a 100% subsidiary of 'Beijing Digital Telecom Company’, a company incorporated under the laws of People’s Republic of China, having extensive experience in the wholesale distribution of electronic devices, including mobile phone handsets.
Spice Mobility is engaged in manufacturing mobile phones. Its products include smart devices, smart phones, networking phones, feature phones and archived phones. Spice Mobility operates as a subsidiary of Spice Group.
| Company Name | CMP |
|---|---|
| TCS | 2394.85 |
| Infosys | 1179.20 |
| HCL Tech. | 1198.60 |
| Wipro | 197.95 |
| Tech Mahindra | 1463.05 |
| View more.. | |
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