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Exchange Received Time  25/07/2018 19:40:22 Exchange Disseminated Time 25/07/2018 19:40:28 Time Taken 00:00:06 | In continuation to our letter dated 29th December, 2017, we wish to inform that, Spice Digital Limited (SDL), a subsidiary of the Company, has informed that the Agreement entered between SDL and a 'P2P Lending Platform Company' i.e. Luharia Technologies Private Limited (LTPL), for making strategic investment in LTPL, has been modified. By virtue of this modification, the 0.1% Compulsorily Convertible Preference Shares (CCPS) held in LTPL has been converted into 'Redeemable Preference Shares' (RCPS) and the said RCPS has been redeemed/transferred by SDL for a total consideration of Rs. 6.25 Crore, resulting into NIL holding in LTPL. You are requested to kindly take the aforesaid information on record. |
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