Order of Hon''ble NCLT dated May 27, 2025 for approval of the Scheme of Amalgamation of Iluminar Media Limited with Nykaa Fashion Limited, both wholly owned subsidiaries of FSN E-Commerce ....
Awaiting price reaction for this filing.
Nykaa's parent company FSN E-Commerce Ventures has received NCLT (Mumbai) approval on May 27, 2025, for the merger of its wholly owned subsidiary Iluminar Media Limited (popularly known as LBB, a lifestyle discovery and content platform) into another wholly owned subsidiary, Nykaa Fashion Limited. The scheme was first approved by the Board in May 2024 and was awaiting NCLT clearance since then. Nykaa had acquired 100% of LBB in August 2022. The appointed date for the merger is April 1, 2024, meaning the merger is effective retrospectively from the start of FY25. The integration will bring LBB's content and consumer engagement capabilities under Nykaa Fashion's roof, with expected synergies in technology, brand partnerships, and content-led marketing.
This is an internal restructuring between two wholly owned subsidiaries, so there is no change in ownership or shareholding for FSN E-Commerce investors and no new shares are being issued. The integration should streamline Nykaa Fashion's content and events business and may bring modest operational efficiencies, but is not expected to materially move the stock on its own.