MoneyWorks4Me

S Mobility’s arm acquires entire share capital of SORPL

30 Jul 2012 Evaluate

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.

Peers
Company Name CMP
TCS 2075.25
Infosys 994.15
HCL Technologies 1180.75
Wipro 158.60
Tech Mahindra 1495.70
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