Odyssey Technologies Limited (BSE:530175) entered into scheme of amalgamation to acquire Cyberneme Private Limited on December 1, 2018. Under the terms, the consideration includes for every fully paid share in Cybememe, a total of 114 shares is proposed to be issued in Odyssey and for every partly paid share in Cybememe, a total of 36 shares is proposed to be issued in Odyssey. As of March 31, 2018, Cyberneme Private Limited has reported turnover of INR 3.05 million and total common equity of INR 9.45 million. The meeting of the Board of Directors of the Odyssey Technologies Limited is scheduled to be held on December 10, 2018 to consider and approve the draft scheme of amalgamation with Cyberneme Pvt Ltd. As of December 10, 2018, Board of Directors of the Odyssey Technologies Limited has approved the transaction. Transaction is still subject to approval from the Securities & Exchange Board of India, the stock exchange, shareholders or creditors of Odyssey Technologies Limited and the sanction of the National Company Law Tribunal, and such other statutory and regulatory authority as may be applicable. The transaction will be approved by the shareholders of Odyssey Technologies Limited on July 16, 2019. Honorable National Company Law Tribunal (NCLT), Chennai vide Order dated May 5, 2020 had approved the transaction. Effective Date of the Scheme is May 11, 2020. Odyssey Technologies Limited (BSE:530175) cancelled the acquisition of Cyberneme Private Limited on November 12, 2020.