Mercantile Ventures has fixed July 24, 2026, as the record date for its amalgamation with India Radiators. Shareholders of India Radiators will receive 10 Mercantile Ventures shares for every 36 held.
Mercantile Ventures Sets July 24, 2026 Record Date for India Radiators Amalgamation
10 equity shares of Mercantile Ventures for every 36 shares of India Radiators. Mercantile Ventures Limited has announced Friday, July 24, 2026, as the record date for its scheme of amalgamation with India Radiators Limited. ## What just happened The company has fixed the record date to identify India Radiators Limited shareholders eligible to receive new equity shares in Mercantile Ventures Limited as part of the amalgamation. ## Why this matters This move provides a clear timeline for the share swap. It means shareholders of India Radiators as of July 24, 2026, will be entitled to receive 10 shares of Mercantile Ventures for every 36 shares they hold. ## The backstory Mercantile Ventures Limited is undergoing a corporate restructuring through amalgamation with India Radiators Limited. This process aims to consolidate operations and create a combined entity. ## What changes now With the record date set, the process of determining eligible shareholders and the subsequent share allotment is moving forward. The exchange ratio is fixed at 10:36. ## Risks to watch While the record date is set, the completion of the amalgamation is subject to regulatory approvals and other conditions. Any delays in these could impact the finalization. ## Peer comparison Mergers and acquisitions are common in the industrial sector as companies seek scale and efficiency. The success of such schemes often depends on smooth integration and synergistic benefits. ## Context metrics (time-bound) * **Record Date:** July 24, 2026 * **Share Exchange Ratio:** 10 Mercantile Ventures shares for every 36 India Radiators shares. * **Face Value:** ₹10 for both companies' shares. ## What to track next Investors should monitor further announcements from Mercantile Ventures regarding the progress of the amalgamation scheme and the final date for share issuance.
