Kar Mobile merger with Rane Engine on Monday

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.