Spice Mobility has decided not to acquire any stake in New Spice Solutions. The board of directors at its meeting held on November 19, 2016 has approved for the same.
Earlier in May, the company had decided to acquire entire equity stake in Omniventures (OPL) and New Spice Solutions (NSSPL). While OPL was a newly incorporated company, NSSPL also didn't had any significant business activity.
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.
