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Spice Mobility updates on subsidiaries

Capital Market 

Transfer of PT Spice Indonesia to Omnia Pte. Limited

Spice Mobility announced that Omnia Pte. Limited, Singapore ('Omnia'), a step down foreign subsidiary of the Company, has approved to purchase entire stake in PT Spice Indonesia, ('Indonesia'), another step down foreign subsidiary of the Company, from Spice Global Services Pte. Limited, 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.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, August 12 2017. 16:23 IST