Home grown mobile company Spice Mobility has acquired 26 percent stake in technology firm Creative Functionapps Lab for an undisclosed amount.
The company in a regulatory filing said, "Spice Digital Limited, a subsidiary of the Company, has acquired 26 percent stake in Creative Functionapps Lab Private Limited."
Creative Functionapps is engaged in the business of telecom and mobile internet and developing innovative products and solutions for the next generation telecom networks.
Its products and solutions range from analytics-based telecom network performance and monitoring to mobile and internet consumer services.
"Consequent to the said acquisition, Creative Functionapps Lab Private Limited has become an Associate Company' of SDL," Spice said.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
