NDL Ventures shares gain after Hinduja Leyland Finance merger; Check entitlement and other details

Shares of NDL Ventures Ltd., and Ashok Leyland Ltd. will be in focus on Wednesday, November 26, after the board of the former approved the scheme of merger by the absorption of Hinduja Leyland Finance Ltd. into the company. Hinduja Leyland Finance is a subsidiary of Ashok Leyland.

As per the scheme of the merger, shareholders of Hinduja Leyland Finance will get 25 shares of NDL Ventures for every 10 shares that they hold as on the record date.

Record date for the merger will be announced at a later date, NDL Ventures said in its exchange filing.

The scheme of merger is subject to requisite approvals from the company's shareholders, stock exchanges, market regulator Securities and Exchange Board of India (SEBI) and other regulatory bodies, along with sanction of the National Company Law Tribunal (NCLT).

Appointed date for the merger of absorption of Hinduja Leyland Finance with and in to NDL Ventures Ltd. will be April 1, 2026, or other such date as suggested or approved by the NCLT or competent authorities.

Hinduja Leyland Finance operates as a non-bank lender and offers loans for commercial and personal vehicles including tractors, cars and multi-utility vehicles.

NDL Ventures believes that the proposed merger will give them an opportunity to participate in the NBFC sector, thereby creating more value for shareholders. Earlier known as NXT Digital, NDL Ventures had amended its Memorandum of Association to enable it to carry out the business of financial services.

Shares of NDL Ventures had surged from ₹63 to ₹102 in just three sessions back in August 2025, when it had first informed the exchanges about receiving an NoC from the Reserve Bank of India for the proposed scheme of merger.

The stock has been on a five-day gaining streak and ended Tuesday's trading session at ₹97.37.