Digispice Technologies’ wholly owned step down subsidiary -- Spice VAS Africa has transferred its entire shareholding in its wholly owned subsidiary, Spice VAS RDC SARLU (RDC), a company incorporated in Democratic Republic of Congo. RDC was a not a material subsidiary of the Company. Upon completion of aforesaid transfer, RDC ceased to be subsidiary of the Company.
Digispice Technologies is primarily engaged into the Information and Communication Technology business providing Value Added Services, and Mobile Content services to the domestic/international Telecom Operators. Also, the company undertakes development and sale of telecom related software.