Merger6 Jul 2026, 05:20 pm
Mercantile Ventures Ltd: NCLT Scheme of Amalgamation Disposed
AI Summary
Mercantile Ventures Ltd has announced that the Hon'ble National Company Law Tribunal (NCLT) has disposed of the Scheme of Amalgamation between India Radiators Limited and Mercantile Ventures Limited. The company is awaiting a certified copy of the NCLT Order. This development marks a significant step in the amalgamation process, which was being conducted under Sections 230 to 232 of the Companies Act, 2013. Investors will be keenly watching for the final order and subsequent steps.
Key Highlights
- NCLT has disposed of the Scheme of Amalgamation.
- India Radiators Limited is the transferor company.
- Mercantile Ventures Limited is the transferee company.
- Awaiting certified copy of the NCLT Order.
- Scheme was under Companies Act, Sections 230-232.
Price Impact
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