IT Stock under ₹25 jumps 6% after it plans to acquire 8,69,030 stake in Spice Money

The shares of microcap IT company that provides technology solutions for enterprise digital transformation, digital entertainment, digital financial services and digital government services globally gained up to 6 percent in today’s trade after announcing its acquisition plan. 

Share Price Movement 

The shares of Digispice Technologies Ltd, with a total market capitalization of Rs 547.85 Crores reached an Intraday high of Rs 24.59 per share surging up to 6 percent on Friday’s trading session. As of 10:00 am, the shares retreated and were trading at Rs 23.45 per share which was 1.12 percent higher than the previous closing price of Rs 23.19. 

The shares of Digispice Technologies Ltd generated strong returns of 327 percent in the past five years. 

What Happened 

As per a press release dated February 20, 2025, Digispice Technologies Ltd has entered into an agreement with Sood Infomatics LLP to acquire 8,69,030 shares which is 1.94 percent of the total shares of its material subsidiary called Spice Money Limited. 

This acquisition is valued at Rs 4.5 Crores which will be completed by 31st March, 2025 through cash consideration. This acquisition will consolidate DiGiSPICE’s stake in SML and provide an exit to Sood Infomatics LLP, which previously held these shares.

SML is a tech-enabled Hyper Local Payments service provider offering various services like Cash deposit/withdrawal, Aadhar-enabled payment services, Cash Management services, UPI-based services etc.

Also read: Solar stock hits 5% upper circuit after receiving ₹72 Cr orders for solar panels & PV modules

Financials 

The company reported a marginal increase of 2.54 percent in Revenue from operations from Rs 110 Crores in Q3FY24 to Rs 113 Crores in Q3FY25. Their Net loss however expanded further from Rs 2 Crores to Rs 20 Crores over the same period. 

Key Highlights- Q3FY25

The company saw significant growth in Collections with CMS GTV growing by 80 percent YoY. It held the Aadhaar Enabled Payment System market leader position with Market Share above 17 percent.

Its CASA has been a significant focus product in the last 1 year with 268 percent YoY growth in no. of CASA accounts opened. Digispice is aiming to become a focused Fintech Company to serve the unmet formal financial needs of India. 

About Digispice Technologies Ltd 

The company primarily focuses on the information and communication technology sector, offering value-added and mobile content services to telecom operators both domestically and internationally.

It operates in a single segment, Financial Technology Services, under the brand Spice Money. Spice Money is a rural fintech company that empowers merchants and nanopreneurs to meet the digital and financial needs of rural communities through technology.

Written By Adhvaitha Nayani 

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