Mercantile Ventures Ltd Reports Scheme of Amalgamation Petition as "Disposed" by NCLT
Mercantile Ventures Limited has reported a significant status update regarding its scheme of amalgamation involving India Radiators Limited. The matter, which pertains to the integration of the two companies under the defined scheme, has been listed as "Disposed" on the website of the National Company Law Tribunal (NCLT).The amalgamated entity structure involves India Radiators Limited, identified as the Transferor Company, and Mercantile Ventures Limited, serving as the Transferee Company. This transaction is part of a larger plan governed by relevant provisions of the Companies Act, 2013, aimed at consolidating the interests of shareholders and creditors.
While the NCLT has marked the petition status as "Disposed" on its public records, Mercantile Ventures Limited noted that a certified copy of the NCLT Order is yet to be received by the company.
MERCANTILE Stock Price Movement
Today, shares of Mercantile Ventures Limited edged higher to close at ₹24.80, marking a 0.97% gain in the post-market trading session. The stock saw limited activity during the session, with total traded volume reaching 537 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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