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Datamatics Global Services gets nod to merge Lumina Datamatics
Dec-15-2018

Datamatics Global Services (DGSL) and Lumina Datamatics (Lumina) have received approval to merge the two companies into DGSL. The merged Company would then be vertically split into two companies, namely, Datamatics Global Services and LDR E-Retail. Thus, the shareholders of DGSL will have an identical shareholding pattern in both DGSL and LDR E-Retail. The latter will be renamed as Lumina Datamatics. The scheme is subject to regulatory approvals and proposes an appointed date of April 1, 2019. The Board of Directors of the company at their meeting held on December 14, 2018, approved the same.

The board was of the view that the business of two companies serve completely different market segments and have different offerings. The de-merger will allow the managements of the each company to focus and pursue growth strategies tailored specific for the segments they serve. The demerger will also give direct visibility of the opportunity and assets for both the companies which will further unlock value for the shareholders by way of separate listing.

Datamatics Global Services is a premier provider of end-to-end BPO and IT solutions spanning consulting, technology architectures and business process management.

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