Mercury EV Tech Share Price in Focus After NCLT Approves Merger With EV Nest

In a significant move for India's EV sector, Mercury EV Tech has gained investor attention following the NCLT's approval of its merger with EV Nest. The appointed date of the merger is set as April 1, 2023, and relevant filings are underway to formalise the arrangement.

Merger Approval Boosts Mercury EV Tech Shares

Mercury EV Tech Limited announced that the National Company Law Tribunal (NCLT) has approved its merger with EV Nest Private Limited. As part of the next steps, the company is filing the prescribed e-form INC-28 with the Registrar of Companies within 30 days from the date of the order. 

This approval appears to have positively impacted investor sentiment, with shares trading in the green amid an overall market dip.

Market Context and Liquidity

Despite weakness in broader benchmarks like the BSE Sensex and NSE Nifty both opening lower due to global cues, including increased H-1B visa fees, the stock remained resilient. Mercury EV Tech showed enough liquidity for a trade size of ₹5 lakh, based on 2% of the 5-day average traded value.

Read More: Tesla Group and SRAM & MRAM Partner to Launch EV Battery Gigafactories in India!

Mercury Ev-Tech Share Price Performance

On September 23, 2025, Mercury Ev-Tech share price opened at ₹51.47 on BSE, above the previous close of ₹50.72. During the day, it surged to ₹51.50 and dipped to ₹50.55. The stock is trading at ₹50.77 as of 1:13 PM. The stock registered a marginal change of 0.10%.

Over the past week, it has moved up by 1.22%, over the past month, it has declined by 2.63%, and over the past 3 months, it has declined by 11.30%.

Conclusion

Mercury EV Tech's merger with EV Nest marks a notable step in the Indian EV landscape. The stock’s upward trend after the NCLT approval signifies market optimism surrounding this corporate restructuring. Investors continue to track the filing milestones and market responses in the coming weeks.

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