Announced Tue, 4 Aug · 17:50 IST
Allotment of shares under scheme of amalgamation with India Radiators
MERCANTILE · 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
+5.8%1-day move
₹24.16
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+5.8+2.9+2.6+3.0+0.2-0.6+3.9+2.0——
Up moveDown movePending
AI summary
Mercantile Ventures has allotted 1,53,161 equity shares of Rs 10 each to eligible shareholders of India Radiators under a Scheme of Amalgamation, approved via board circular resolution on August 4, 2026. The share exchange ratio is 10 shares of Mercantile for every 36 held in India Radiators. Paid-up capital rose from 11,19,18,195 to 11,20,71,356 shares. Listing and trading approvals from BSE are still pending.
Likely market impact
Minor share dilution for existing holders; amalgamation with India Radiators is nearing completion pending BSE listing approval.