Announced Mon, 13 Jul · 16:41 IST
NCLT approves India Radiators merger into Mercantile Ventures; swap ratio 10:36 fixed
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
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₹15.87
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base price
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AI summary
NCLT has approved the Scheme of Amalgamation between India Radiators (transferor) and Mercantile Ventures (transferee). Share exchange ratio fixed at 10 equity shares of Mercantile Ventures (INR 10 face value) for every 36 equity shares of India Radiators (INR 10 face value). Record date set for July 24, 2026, to identify eligible shareholders. Appointed date is January 1, 2025. Scheme becomes effective on filing of NCLT order with Registrar of Companies.
Likely market impact
Shareholders of India Radiators will receive 10 shares of Mercantile Ventures for every 36 held. Record date July 24, 2026.