At meeting held on 14 June 2019
The Board of Spice Mobility at its meeting held on 14 June 2019 has approved the allotment of 38,083 equity shares of Rs.3/- each as detailed hereunder:i. 25,090 fully paid up equity shares of the face value of Rs. 3/- each to the shareholder of Spice Digital as a consideration for demerger of DTS Business into Spice Mobility and for remaining business of Spice Digital, and
ii. 12,993 fully paid up equity shares of the face value of Rs. 3/- each to the shareholder of Spice Labs as a consideration towards amalgamation of Spice Labs into Spice Mobility.
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