Cyber Media (India) Ltd has approved a merger by absorption of its subsidiary Cyber Media Research & Services Ltd. The scheme awaits shareholder, creditor, and NCLT approvals under Sections 230–232 of the Companies Act. The move aims to streamline operations and enhance group efficiency through structural consolidation.
Cyber Media (India) Ltd (CMIL) has officially approved a Scheme of Amalgamation to absorb its wholly-owned subsidiary, Cyber Media Research & Services Ltd (CMRSL). This move, endorsed by both the Audit Committee and Independent Directors’ Committee, marks a strategic consolidation aimed at streamlining operations and enhancing corporate efficiency.
Key Highlights of the Merger Decision:
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Board Approval Secured: The Board of Directors has given the green signal to the merger scheme, following internal committee recommendations.
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Merger Type: The transaction is structured as a Merger by Absorption, with CMRSL being integrated into CMIL.
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Regulatory Pathway: The scheme will proceed under Sections 230 to 232 of the Companies Act, 2013, subject to necessary modifications and legal compliance.
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Stakeholder Consent Required: Approvals from shareholders and creditors of both entities are mandatory before implementation.
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NCLT Oversight: The merger awaits sanction from the jurisdictional bench of the National Company Law Tribunal (NCLT), along with clearances from stock exchanges and other competent authorities.
This merger is expected to simplify the group structure, reduce administrative overhead, and unlock synergies across research and media verticals.
Sources: NSE Circular, Rediff MoneyWiz, Economic Times, Trendlyne