Ind-Swift Limited has informed the Exchange that Record date for the purpose of Merger is 14-Aug-2025.
Awaiting price reaction for this filing.
Ind-Swift Limited has informed the stock exchange that 14-August-2025 has been set as the record date for the purpose of its merger. The record date identifies shareholders who will be eligible to receive the merger consideration (such as new shares or exchange ratio benefits) once the merger becomes effective. Setting a record date indicates the merger scheme has cleared the necessary regulatory steps, including NCLT approval. Investors buying shares before this date will be eligible, while those buying on or after this date will not receive the merger benefits. The exchange ratio and other merger terms would have been disclosed earlier in the scheme documents.
Shareholders on the company books as of 14-Aug-2025 will be entitled to the merger consideration. Trading volumes and stock price typically see activity around the record date, and the share may trade ex-merger benefits shortly after.