DIGISPICENSEDiGiSPICE Technologies LimitedMediumNeutral
Announced Thu, 23 Apr · 18:52 IST

DiGiSPICE Technologies Limited has informed the Exchange about Scheme of Arrangement

Nclt Scheme FiledStrategic Transactions View source PDF

DIGISPICE · price

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₹20.29
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AI summary

DiGiSPICE Technologies Limited's Scheme of Amalgamation involving three subsidiaries — Spice Money Limited, E-Arth Travel Solutions Private Limited, and Vikasni Fintech Private Limited — has received a first-motion order from the NCLT (Principal Bench, New Delhi) dated 22 April 2026. The tribunal has directed DiGiSPICE to convene a meeting of its equity shareholders (via video conferencing) to consider and approve the merger scheme. Shareholder and creditor meetings for the three transferor subsidiaries have been dispensed with, as the requisite consent thresholds were met via affidavits (e.g., Spice Money equity shareholders: 98.77%, unsecured creditors: 90.17%). DiGiSPICE has nil secured creditors. The swap ratio is 126 DiGiSPICE shares (face value Rs.3 each) for every 100 Spice Money shares (face value Rs.10 each). Both BSE and NSE provided observation letters (September 2025), and RBI gave its no-objection (July 2025). CCI clearance is stated as not required.

Likely market impact

Shareholders of DiGiSPICE will vote on consolidating three subsidiaries into the listed entity. If approved, the listed company will directly hold the fintech business, simplifying the group structure and potentially enhancing per-share value by reducing layers of subsidiaries.