Announced Mon, 13 Jul · 16:52 IST
Record date fixed for amalgamation with Mercantile Ventures
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
—1-day move
₹15.87
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
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Up moveDown movePending
AI summary
India Radiators has fixed Friday, 24 July 2026 as the record date for the Scheme of Amalgamation with Mercantile Ventures Limited. Shareholders on record will receive shares of Mercantile Ventures under the scheme. Exchange ratio: 10 equity shares of Mercantile Ventures (face value INR 10) for every 36 equity shares of India Radiators (face value INR 10).
Likely market impact
Eligible shareholders will receive Mercantile Ventures shares per the 10:36 swap ratio; the amalgamation will reshape shareholding.