NDL Ventures-Hinduja Leyland Finance Merger Approved; Share Swap Ratio Set at 25:10; Check Share Price

Shares of NDL Ventures Ltd. gained on Wednesday after the company's board approved a major corporate restructuring plan involving the merger by absorption of Hinduja Leyland Finance Ltd. into NDL Ventures. Hinduja Leyland Finance is a key subsidiary of commercial vehicle giant Ashok Leyland.

NDL Ventures-Hinduja Leyland Finance Merger Approved; Share Swap Ratio Set at 25:10
In an exchange filing, NDL Ventures confirmed that under the approved merger scheme, shareholders of Hinduja Leyland Finance will receive 25 shares of NDL Ventures for every 10 shares held as on the record date. The company added that the record date for determining shareholder eligibility will be announced later.

NDL Ventures stated that the merger is subject to multiple regulatory and statutory approvals, including those from shareholders, stock exchanges, the Securities and Exchange Board of India (SEBI), and other regulators. Final sanction from the National Company Law Tribunal (NCLT) will be required before the merger becomes effective.

According to the filing, the appointed date for the merger-when Hinduja Leyland Finance will officially be absorbed into NDL Ventures-is set for April 1, 2026, unless another date is approved by the NCLT or competent authorities.

NDL Ventures Share Price Today
As of 10:59 am on November 26, shares of NDL Ventures Ltd were trading at Rs 98.00, marking a decline of Rs 1.05, or 1.06%, for the day.