Cyber Media (India) Limited (CMIL) has announced the approval of a Scheme of Amalgamation (Merger by Absorption) of Cyber Media Research & Services Limited (CMRSL) into CMIL by its Board of Directors. The merger, recommended by the Audit Committee and Independent Directors’ Committee, is subject to approvals from shareholders, creditors, and the National Company Law Tribunal (NCLT), as well as stock exchanges. The Board meeting commenced on January 24, 2026, at 10:30 a.m. and concluded at 11:35 a.m. CMRSL is involved in digital marketing, advertisements, social media campaigns, and market research, while CMIL is engaged in print media and publishing, including magazines like Dataquest and PC Quest. The rationale for the merger includes consolidating business operations, positioning the merged entity as a comprehensive marketing solutions provider, breaking down silos for cross-selling and up-selling, strengthening decision-making, and increasing market capitalization. The merger is expected to lead to better cost management, reduced administrative and compliance expenses, improved cash flow, and enhanced shareholder value. As per the scheme, 35 fully paid-up equity shares of ₹10 face value of CMIL will be issued for every 8 fully paid-up equity shares of ₹10 face value held in CMRSL. Post-merger, the promoter and promoter group's shareholding in CMIL will decrease from 66.57% to 50.13%, while public shareholding will increase from 33.43% to 49.87%. The transaction is considered a related party transaction conducted on an arm's length basis, with valuation provided by B havin R Patel & Associates and a fairness opinion from Novus Capital Advisors Private Limited.
