Announced Tue, 21 Jul · 19:50 IST
French subsidiary units move to judicial liquidation after business sale to MBDA and SII
Regulatory & Legal View source PDF
CENTUM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-3.5%1-day move
₹3710.00
prior close
₹3740.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.7-0.8-0.6-0.9-3.5-3.3-5.4———————
Up moveDown movePending
AI summary
Centum Electronics' French units, Centum T&S Group S.A. and Centum Technologies et Solutions, have been ordered by the Lyon Economic Activities Court to convert from judicial reorganization (Redressement Judiciaire) into judicial liquidation (Liquidation Judiciaire), effective 2nd July 2026. The conversion follows the court-approved takeover of their business operations by MBDA France and SII, ensuring continuity of the business under new owners while the old entities are wound up.
Likely market impact
Operations continue under MBDA France and SII via acquisition; parent Centum loses the French subsidiaries but the business is preserved.