Merger19 May 2026, 06:51 pm
Future Market Networks Withdraws Amalgamation Scheme
AI Summary
Future Market Networks Ltd announced the withdrawal of the scheme of amalgamation with Metawear Limited. The Board of Directors of Metawear Limited decided not to proceed with the scheme, and Future Market Networks' Board took this on record on May 19, 2026, resolving to withdraw as well. An application for withdrawal will be filed with the National Company Law Tribunal, Mumbai Bench.
Key Highlights
- Future Market Networks withdraws amalgamation scheme with Metawear Limited.
- Metawear Limited's Board decided not to proceed with the scheme.
- Future Market Networks' Board resolved to withdraw the scheme on May 19, 2026.
- Application for withdrawal will be filed with NCLT Mumbai.
Price Impact
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