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Media Matrix Worldwide to divest entire stake in DigiCall Teleservices

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Capital Market

To Karvy Data Management Services

Media Matrix Worldwide announced that the Company on 02 August 2017 has signed Share Purchase Agreement subject to the approval of the shareholders of the Company to divest its entire stake in DigiCall Teleservices ('DTPL'), a wholly owned subsidiary of the Company to Karvy Data Management Services (KDMSL), pursuant to which (i) DTPL will cease to be a wholly owned subsidiary of the Company; and (ii) DigiCall Global, a wholly owned subsidiary of DTPL and a step down subsidiary of the Company, shall cease to be a subsidiary of the Company.

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First Published: Aug 02 2017 | 4:02 PM IST

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