Spanco’s step down subsidiary Spanco Nagpur Discom has entered into a joint venture (JV) with Essel Utilities Distribution Company by entering in to a Share Subscription Cum Shareholders’ Agreement (SSSA) with intention to subscribe equity shares of Spanco Nagpur Discom on preferential basis.
Pursuant to this, Spanco Nagpur Discom will cease to be a step down subsidiary of the company upon allotment of the shares.
Spanco is one of the leading telecom systems integration and IT services company in India. From providing telecom integration services to multinationals, Public Sector Units and India's vast defense sector. Spanco has evolved to extend its expertise into the dynamic space of Business Process Outsourcing and RFID.
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