DiGiSPICE Technologies Limited — JV/Acquisition, 20-02-2025: Acquisition

DiGiSPICE Technologies Limited is set to acquire 8,69,030 Class B shares in Spice Money Limited (SML), representing 1.94% of the total shares, for a cash consideration of ₹4.5 Crore. The acquisition aims to consolidate DiGiSPICE's stake in SML, which specializes in tech-enabled hyper-local payment services. With a recent turnover of ₹439.43 Crore and a profit after tax of ₹13.06 Crore for the fiscal year ending March 2024, this move strategically enhances DiGiSPICE's position in the rapidly evolving fintech landscape. The transaction is expected to complete by March 31, 2025.