Merger25 May 2026, 08:31 pm
Eyantra Ventures: Prismberry Technologies Merger Approved
AI Summary
The Board of Directors of Eyantra Ventures Ltd has approved the Scheme of Arrangement for the merger of its wholly-owned subsidiary, Prismberry Technologies Private Limited, with Eyantra Ventures. This decision, made on May 25, 2026, is subject to shareholder, creditor, and National Company Law Tribunal approvals. The scheme involves the transfer of Prismberry's assets and liabilities to Eyantra Ventures, an increase in Eyantra's authorized share capital, and the dissolution of Prismberry Technologies.
Key Highlights
- Eyantra Ventures approves merger of Prismberry Technologies, its wholly-owned subsidiary.
- The merger is subject to regulatory and shareholder approvals.
- Prismberry's assets and liabilities will transfer to Eyantra Ventures.
- Eyantra Ventures' authorized share capital will increase post-merger.
- Prismberry Technologies will be dissolved after the merger.
Price Impact
More from EY