<article>India-based Pidilite has acquired Kenyan firm Nebula East Africa even as Chinese firm Digitone plans to acquire 49 per cent stake in Spice Online.</article>

India-based Pidilite has acquired Kenyan firm Nebula East Africa even as Chinese firm Digitone plans to acquire 49 per cent stake in Spice Online.
<h3 style="text-align: justify;">Pidilite acquires Kenyan firm Nebula East Africa</h3>
Adhesives and industrial chemicals manufacturer <a style="color: #000080;" href="http://www.pidilite.com/">Pidilite Industries</a>&#8216; wholly-owned subsidiaries have fully acquired Kenya-based firm Nebula East Africa Private Ltd (NEAPL). The financial details of the deal were not disclosed.
&#8220;With this acquisition, the wholly owned subsidiaries of the Company jointly hold 100% of the paid up share capital (which is Kenyan Shillings 100,000) equivalent to approx. $1,000 in NEAPL.,&#8221; Pidilite Industries Ltd said in a filing to the stock exchanges. .
&#8220;NEAPL is proposed to be engaged in the business as manufacturers, importers, exporters, buyers, sellers, etc in adhesives, sealants, and all other products used for making or producing adhesives and sealants,&#8221; it added.
<h3 style="text-align: justify;">Chinese firm Digitone  to acquire 49% stake in Spice Online</h3>
<a style="color: #000080;" href="http://www.digitone.com/">Digitone</a>, a subsidiary of Chinese mobile phone retailer Beijing Digital Telecom Company,  will acquire 49 per cent stake in Spice Online, a subsidiary of <a style="color: #000080;" href="http://dealstreetasia.com/tag/spice-mobility">Spice Mobility</a>, the Indian firm said in a BSE notice.
In its filing to the Hong Kong stock exchange, Beijing Digital Telecom Company informed that it will acquire the stake for $2.5 million from Spice Mobility and provide a loan for the same amount after the acquisition.
With the stake sale, Spice Online would get help in gaining experience from the Digitone in the wholesale distribution of electronic devices including mobile phone handsets.
The Chinese company also said it will form a 60:40 joint venture in India with Omni Ventures, which is a subsidiary of Spice Mobility. On June 10, Spice Mobility said in a regulatory filing that another unit Hindustan Retail Pvt Ltd agreed to transfer its 100 per cent stake in Spice Online to Omni Ventures.
The joint venture will mainly be engaged in manufacturing and selling mobile phones and accessories.
Also Read:
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/26576-26576/">India: Spice Mobility acquires 23% stake in education firm Sunstone Eduversity</a>
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/29714-29714/">India: Godrej Consumer to buy 75% in Kenyan home products company</a>

While Pidilite has acquired Kenyan firm Nebula East Africa, Chinese firm Digitone will acquire 49 per cent stake in Spice Online.

India Dealbook: Pidilite buys Nebula East Africa; Digitone to acquire 49% stake in Spice Online

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India Dealbook: Pidilite buys Nebula East Africa; Digitone to acquire 49% stake in Spice Online

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