Breaking News

You are here » Indian-Commodity  :  Top News  :  Spice Mobility's arm to purchase entire stake in PT Spice Digital Indonesia

14-Aug2017

Spice Mobility's arm to purchase entire stake in PT Spice Digital Indonesia

Spice Mobility's step down foreign subsidiary- Omnia, Singapore ('Omnia'), has approved to purchase entire stake in PT Spice Digital Indonesia, ('Indonesia'), another step down foreign subsidiary of the Company, from Spice Global Services, Singapore ('SGS').

Consequently, 'Indonesia' will become a subsidiary of 'Omnia' and step down subsidiary of 'SGS'. All these three companies will continue to be the step down subsidiaries of the Company.

Spice Mobility is engaged in manufacturing mobile phones. Its products include smart devices, smart phones, networking phones, feature phones and archived phones. Spice Mobility operates as a subsidiary of Spice Group.


Related News

View all news

Crude oil futures end lower on Monday

Crude oil futures ended lower on Monday as steep declines in the US stock market fed an aversion to so-called riskier assets, which include oil. Meanwhile, the US-China trade dispute escalated as China......

Gold futures trade flat on Monday

Gold futures was trading flat on Monday as growing uncertainty over whether the United States and China will be able to reach a deal to end their escalating trade war fueled safe-haven demand for the precious......

Jeera futures trade higher on rising demand

Jeera futures traded higher on NCDEX on the back of rising physical and export demand at the spot market. However, higher availability of crop this season, capped some gains.The contract for May delivery......

Top News

View all news

SRF, NIIT Technologies and United Bank of India to see some action today

SRF has entered into a definitive agreement to sell its Engineering Plastics Business to DSM, the Life Sciences and Materials Sciences Company in an all-cash transaction, amounting to Rs 320 crore. The......

NIIT Technologies concludes sale of 88.99% stake in ESRI India Technologies

NIIT Technologies has concluded the sale of 88.99% equity shares in ESRI India Technologies, India to Environment Systems Research Institute Inc., USA. Consequent to above sale, ESRI India Technologies,......

United Bank of India to raise Rs 1,500 crore by various means

United Bank of India has received approval to raise equity capital not exceeding Rs 1,500 crore in one or more tranches during the financial year by way of Qualified Institutions Placement, Public Issue,......