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Avantel Limited’s board approved merger of Imeds Global, pending tribunal approval
26-Oct-2026, 03:45
Avantel Limited announced that its board approved the merger of its wholly-owned subsidiary, Imeds Global Private Limited, into Avantel Limited, subject to approval from the National Company Law Tribunal. The merger is intended to rationalize the group structure and improve operational efficiency. Additionally, the board appointed Nimmagadda Sreenivasa Rao as an additional director, designated as Director (Technical), for a term of three years. Imeds Global Private Limited reported revenue of 160.32 million rupees and a net worth of 2,182.83 million rupees as of March 31, 2026, while Avantel Limited reported revenue of 22,135.23 million rupees and a net worth of 35,650.45 million rupees for the same period.