Mount Everest to merge with Tata Global

Shares of Mount Everest Mineral Water will bid adieu to the exchanges on Friday, as it merges with Tata Global Beverages. According to the scheme, three shares of ₹1 each of Tata Global Beverages will be credited for every four shares of ₹10 each held in Mount Everest. The company has fixed the record date as Monday to identify eligible shareholders. The stock of Tata Global closed at ₹137.90 and Mount Everest Mineral at ₹102 on the BSE.