Spice Corp, the $1.5 billion group with interests in mobile handsets, mobile value added services and content, voiced-based BPO services, film entertainment and entertainment centres, on Tuesday announced the restructuring of its existing businesses. Under the new business structure the group?s businesses would be classified under four major sector-based verticals.
Spice Televentures would be the new holding company for telecom, the second vertical would be of entertainment, third in financial and capital market services and the fourth vertical would be of IT. ?BK Modi would continue as the group?s chairman while the boards of the new entities and holding companies would be constituted soon?, a group statement said.
Read Next
