S i2i Mobility buys stake in S Mobility from Spice Global Investments

Indian mobile handset maker S Mobility, part of the diversified Spice Global Group, announced that S i2i Mobility - a wholly owned unit of Spice Global Investments - has acquired the entire stake held in the company by Spice Global Investments.

After the transaction, S i2i Mobility has now become the holding company of S Mobility, with a 68.65% stake in the company. Consequently, S i2i Mobility has now become the promoter of S Mobility

Pursuant to the said acquisition, S i2i Mobility has also become holding company of S Mobility and now holds 16,34,48,285 equity shares representing 68.65% to the total paid up capital of the Company. Consequently, S i2i Mobility has also become the promoter of the S Mobility.