Announced Tue, 30 Jun · 22:00 IST
Future Market Networks withdraws merger scheme with Metawear Limited
FMNL · 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
-2.0%1-day move
₹10.89
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-2.0-3.6-4.2-6.2-5.9-4.2-13.0———
Up moveDown movePending
AI summary
Future Market Networks Limited and Metawear Limited have withdrawn their proposed scheme of amalgamation. Both companies boards passed resolutions on May 15 and May 19, 2026 to withdraw the scheme. The NCLT Mumbai Bench has disposed of the merger application as withdrawn on June 18, 2026. The deal will no longer proceed.
Likely market impact
The proposed merger will not go through. FMNL will continue operating independently without the planned consolidation with Metawear Limited.