Announced Wed, 22 Jul · 17:57 IST
NCLT sanctions merger of subsidiary Walery Security with i3 Security
MERCANTILE · price
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Price reaction · full curve 14 horizons · vs prior close
+0.4%1-day move
₹24.50
prior close
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base price
After-mkt
timing
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AI summary
NCLT has approved the amalgamation of Mercantile Ventures' subsidiary Walery Security Management with wholly owned subsidiary i3 Security Private Limited. This is an internal reorganization with no change in the listed company's shareholding pattern. Walery Security had nil turnover while i3 Security had turnover of Rs. 5087.67 lakhs in FY26. Share swap ratio is 5 shares of i3 for every 2 of Walery. Appointed date is January 01, 2024.
Likely market impact
Internal restructuring of subsidiaries; no impact on parent company shareholding or operations.