Digispice Technologies Ltd

📊 NCLT Orders DiGiSPICE Shareholder Meeting for Merger Approval

- NCLT orders DiGiSPICE to convene equity shareholder meeting via video conferencing to approve merger scheme

- Scheme involves amalgamation of Spice Money Limited, E-Arth Travel Solutions Private Limited, and Vikasni Fintech Private Limited into DiGiSPICE

- Share exchange ratio: 126 equity shares of DiGiSPICE (face value ₹3) for every 100 equity shares of Spice Money (face value ₹10)

- Rationale includes streamlining operations, reducing subsidiary layers, enhancing shareholder value, and achieving cost savings through consolidation