Announced Mon, 6 Jul · 16:57 IST
NCLT disposes India Radiators amalgamation petition with Mercantile Ventures
Regulatory & Legal View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
India Radiators has informed BSE that the NCLT has disposed of its scheme of amalgamation petition with Mercantile Ventures. The scheme proposes merger of India Radiators (transferor) into Mercantile Ventures (transferee) under Sections 230 to 232 of the Companies Act. The company is awaiting a certified copy of the NCLT order, so the outcome (approval or rejection) is not yet known.
Likely market impact
Outcome of NCLT order awaited; merger, if approved, would reshape capital structure once the certified order copy is received.