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DIGISPICE TECHNOLOGIES LIMITED M&A Activity 2019

Aug 2, 2019

M&A Activity

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Sr.No.		Details
a)		ShareofSV A (Mauritius)Pvt.Ltd.('SVA1intheProfit/LossofthelistedentityduringthelastfmancialyearendedonMarch31,2019:Aspercentage:-2.76%Amount:(16.72)LakhsShateofSVAintheTotalComprehensiveIncomeofthelistedentityduringthelastfinancialyearendedonMarch31,2019:Aspercentage:-2.45%Amount:(16.72)Lakhs
b)		SharePurchaseAgreementdatedAugust2,2019enteredintobetweenSpice-VAS(Africa) Pte. Ltd.,andM/s.KarmaTrustGroup (hereinafterreferredtoas'SPA')
c)	theexpecteddateofcompletionofsale/disposal;	August17,2019orsuchfurtherdateasthepartiestotheSPAshallmutuallyagre~inwriting
d)	considerationreceived fromsuchsale/disposal;	USD100(UnitedStatesDollarOneHundredonly) tobepayablebybuyer,being KarmaTrustGroup, Mauritius
e)	briefdetailsofbuyersandwhetheranyofthebuyersbelongtothepromoter/promotergroup_I_groupcompanies.Ifyes,detailsthereof;	BuyerisKarmaTrustGroup,Mauritius,aprivatetrustcreatedvideDeclarationofTrustdatedOctober9,2015.TrusteesatpresentareMr.ArunNagar, Mrs.NishaNagarandJurisTaxLtd.
f)	whetherthetransactionwouldfallwithinrelatedpartytransactions?Ifyes,whetherthesameisdoneat"armslength";	No
g)	additionally,incaseofaslumpsale,indicativedisclosuresprovidedforamalgamation/merger,shallbedisclosedbythelistedentitywithrespecttosuchslumpsale.	Notapplicable

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