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Digispice Tech

2nd-Aug-2019 19:22Source: BSE

Spice Mobility - Announcement under Regulation 30 (LODR)-Diversification / Disinvestment

Cessation of subsidiary company- Intimation under Regulation 30 of Listing Regulations, 2015

Dear Sir,

This is to inform you that Spice VAS (Africa) Pte. Limited, (''SVA''), a subsidiary of the Company, has executed a Share Purchase Agreement whereby SVA has agreed to transfer 100% stake in its wholly owned subsidiary, SVA (Mauritius) Private Limited (''SVAM'') to M/s. Karma Trust Group.

Consequently, SVAM will cease to be a subsidiary of SVA and step down subsidiary of the Company.

As required under Regulation 30 SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the requisite information is enclosed herewith as Annexure ''A''.

You are requested to kindly take the above on record and oblige.

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