Acquisitions30 May 2025, 02:18 pm
Digispice Technologies Ltd. Abandons Acquisition of SpiceBulls Investments Limited
AI Summary
On 30th May, 2025, the Board of Directors of Digispice Technologies Ltd. decided not to proceed further with the acquisition of 99.91% of the equity share capital of SpiceBulls Investments Limited (SBulls), a Non-Banking Financial Company. This decision was made in compliance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and following the earlier communication dated 16th May, 2024, which announced the intention to acquire SBulls, subject to necessary approvals from the Reserve Bank of India and other authorities.
Key Highlights
- Digispice Technologies Ltd. has decided not to proceed with the acquisition of SpiceBulls Investments Limited.
- The decision was made in compliance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- The acquisition was previously announced on 16th May, 2024, subject to necessary approvals from the Reserve Bank of India and other authorities.
- SpiceBulls Investments Limited is a Non-Banking Financial Company.
- The acquisition has been abandoned due to unspecified reasons.