FSN E Commerce Ventures Limited has informed the Exchange about Approval Of The Scheme Of Amalgamation of Iluminar Media Limited with Nykaa Fashion Limited By Hon'ble NCLT, Mumbai
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The National Company Law Tribunal (NCLT), Mumbai, has approved the merger of Iluminar Media Limited (LBB) into Nykaa Fashion Limited, with the order dated May 27, 2025. Both companies are wholly owned subsidiaries of Nykaa, making this an internal group restructuring. The appointed date for the merger is April 1, 2024. LBB, a lifestyle discovery and content platform acquired by Nykaa in August 2022, will now be consolidated within Nykaa Fashion to unify content creation, events, and marketing functions under a single entity. The move is aimed at creating synergies in technology, brand partnerships, and content-led consumer engagement.
This is a purely internal consolidation between two wholly owned subsidiaries, so it has no direct impact on shareholding or stock price. It simplifies Nykaa's group structure and may improve operational efficiency in the fashion and content businesses, but investors should see no change in their economic interest in Nykaa.