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DigiSpice Technologies Ltd.

BSE: 517214 Sector: Telecom
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DiGiSPICE Technologies Limited - Diversification/Disinvestment

February 14, 2020, 12:00 am | Source: NSE

DiGiSPICE Technologies Limited has informed the Exchange about Diversification/Disinvestment This is to inform you that Spice VAS (Africa) Pte. Ltd., ('SVA ), a step-down subsidiary of the Company, has executed a Share Purchase Agreement whereby SVA has agreed to sell its entire 49% stake in its associate company, Ziiki Media SA (Pty) Ltd. (formerly Spice Digital South Africa (Pty) Ltd.) ( Ziiki ) to M/s. Karma Trust Group.Consequently, Ziiki will cease to be an associate of SVA.As required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the requisite information is enclosed herewith as Annexure 'A'.You are requested to kindly take the above on record and oblige.