Spice Mobility has received approval from its board for sale of entire stake in wholly owned subsidiary (WOS) -- Hindustan Retail India (HRPL) which is not having any business operation as on date.
Consequent to the execution of a foresaid decision, HRPL and its two wholly owned subsidiaries namely New Spice Sales and Solution and Cellucom India will also cease to be the subsidiaries of the company.
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.
