Comments
The ex-date for the merger of Kar Mobiles with Rane Engine Valve has been fixed on April 27. Rane Engine will issue seven fully paid-up equity shares of ₹10 for every 10 equity shares of ₹10 in Kar Mobiles. Following the amalgamation, the shares of Rane Engine will continue to be listed on the BSE and the NSE. Those who are buying the shares of Kar Mobiles on Monday will not get Rane Engine shares, as the record date to identify eligible shareholders is Tuesday.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.