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| Exchange Disseminated Time 18/05/2016 14:57:24 | Spice Mobility Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 18, 2016 has decided to acquire entire equity stake in 'Omniventures Private Limited' (OPL) and 'New Spice Solutions Private Limited' (NSSPL). While OPL is a newly incorporated Company, NSSPL also does not have any significant business activity.
Consequent to the said acquisition both 'Omniventures Private Limited' and 'New Spice Solutions Private Limited' will become wholly owned subsidiaries of the Company. |
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