Spice Digital Limited (SDL), a subsidiary of Spice Mobility, has acquired 22.54 per cent equity stake in Sunstone Eduversity Private Limited, a company incorporated for the purpose of engaging in the line of education business, Spice Mobility said in a regulatory filing.
Consequent to the acquisition, Sunstone Eduversity Private Limited has become an associate company of SDL, it added.
Both Spice Mobility and Sunstone Eduversity are chaired by Dilip Modi. He was appointed Executive Chairman of Spice Mobility board on November 30. Sunstone Eduversity website showed his designation as Chairman, Executive Board.
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