NCLT sanctions merger with India Radiators; swap ratio 10:36

Listed Co AcquisitionDemerger Ratio AnnouncedNclt Scheme FiledStrategic Transactions View source PDF

MERCANTILE · price

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▲ 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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₹25.50

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AI summary

NCLT Chennai has sanctioned the Scheme of Amalgamation of India Radiators Limited into Mercantile Ventures Limited. Board set July 24, 2026 as the record date for India Radiators shareholders. Swap ratio is 10 equity shares of Mercantile Ventures (FV Rs 10) for every 36 shares of India Radiators (FV Rs 10). Appointed date is January 1, 2025. Scheme becomes effective once the order is filed with Registrar of Companies, Chennai.

Likely market impact

India Radiators shareholders will receive Mercantile Ventures shares at the 10:36 swap ratio once the scheme becomes effective post RoC filing.