NDL Ventures Approves Merger with Hinduja Leyland Finance
NDL Ventures approves merger with Hinduja Leyland Finance, issuing 25 NDL shares for every 10 HLFL shares, pending regulatory and shareholder approvals. Effective date: April 1, 2026.
The merger represents a significant corporate restructuring event with potential long-term implications for the company's business and financial performance.
The announcement conveys positive news regarding the merger approval, which is expected to enhance shareholder value and create growth opportunities.
* NDL Ventures Limited approved the Scheme of Merger by Absorption of Hinduja Leyland Finance Limited (HLFL) into NDL Ventures. * As consideration, 25 equity shares of ₹10 each of NDL will be issued for every 10 equity shares of ₹10 each held in HLFL. * The merger is subject to approvals from shareholders, stock exchanges, SEBI, and NCLT. * The appointed date for the merger is April 01, 2026, or as approved by NCLT. * HLFL's total income from operations for the financial year ended March 31, 2025, was ₹4,473.33 Crore, and its net worth was ₹7,299.23 Crore. * NDL Ventures' other income for the year ended March 31, 2025, was ₹4.94 Crore, and its net worth was ₹60.05 Crore. * Post-merger, HLFL will cease to exist, and its shareholders will become shareholders in NDL Ventures. * M/s. Shah and Modi re-appointed as an Internal Auditor of the Company.
What to do with a filing like this
NDL Ventures Limited filed this with the NSE as a statutory disclosure, categorised under merger. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by NDL Ventures Limited. Read the original for the full detail.