Spice Mobility’s subsidiary - Spice Digital (SDL) has divested its entire equity stake constituting 26% of share capital in Vavia Technologies (Vavia) pursuant to a share purchase agreement entered into by them. Consequent to this, Vavia has ceased to be an associate of the company.
Recently, SDL had acquired further 3.07% stake in Sunstone Learning, an associate of the company. Consequent to the said acquisition, stake of SDL in Sunstone Learning had increased from 38.54% to 41.61%.
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.
