NCLT approves first motion for amalgamation of Spice Money, E-Arth Travel, and Vikasni Fintech into listed parent Digispice Technologies.
Scheme aims to streamline fintech business operations, reduce subsidiary layers, and enhance shareholder value via direct ownership.
Share exchange ratio set at 126 Digispice shares (₹3 face value) for every 100 Spice Money shares (₹10 face value).
Tribunal directs meeting for Digispice shareholders, dispenses with other meetings due to secured creditor consents exceeding 90%.