Spice Mobility has received approval for the issuance and allotment of 25,090 fully paid up equity shares of the face value of Rs 3 each to the shareholder of Spice Digital as a consideration for demerger of DTS Business into Spice Mobility and for remaining business of Spice Digital. The Board of Directors of the Company at its meeting held on June 14, 2019 has approved the same.
The company’s board has also approved issuance and allotment of 12,993 fully paid up equity shares of the face value of Rs 3 each to the shareholder of Spice Labs as a consideration towards amalgamation of Spice Labs into Spice Mobility.
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.
Company Name | CMP |
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TCS | 3831.25 |
Infosys | 1431.85 |
HCL Tech. | 1479.65 |
Wipro | 460.20 |
Tech Mahindra | 1186.10 |
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