As per the agreement, SIL has agreed to subscribe 8,69,030 class B equity shares of Rs 10 each of Spice Money Ltd (approx 2 percent of the present share capital of SML), subject to the necessary approval(s) as required for issue and allotment of the class B equity shares, the company added.Spice Money ropes in Sonu Sood as brand ambassador in return for minority equity stake
ByBinary Squad
Dec 14, 2020 As per the agreement, SIL has agreed to subscribe 8,69,030 class B equity shares of Rs 10 each of Spice Money Ltd (approx 2 percent of the present share capital of SML), subject to the necessary approval(s) as required for issue and allotment of the class B equity shares, the company added.