S Mobility’s - wholly owned subsidiary - Hindustan Retail (HRPL), has acquired entire share capital of Spice Online Retail (SORPL). Pursuant to the said acquisition, SORPL has become a wholly-owned subsidiary of HRPL. Accordingly SORPL has become a step down subsidiary of the company.
SORPL is an early stage startup aiming to establish a leading E-commerce brand for aspirational products in India. Its portal is India’s leading online shopping portal for aspirational products such as the mobile phones etc.
S Mobility is engaged in manufacturing of mobile phones. The company offers a wide range of mobile handsets catering to all segments -- low, medium, high-end.
