Merger19 Feb 2026, 09:14 pm
Ashok Leyland's Subsidiary, Hinduja Leyland Finance, Approved for Merger by Absorption
AI Summary
Ashok Leyland Ltd. has announced that its subsidiary, Hinduja Leyland Finance Limited, will be merged with NDL Ventures Limited (formerly known as NXTDIGITAL Limited). The merger was approved by the Board of Directors on 25th November 2025 and further approved by the Competition Commission of India (CCI) on 17th February 2026. This merger is in accordance with Sections 230 to 232 and other applicable provisions of the Companies Act, 2013.
Key Highlights
- Ashok Leyland's subsidiary, Hinduja Leyland Finance, to merge with NDL Ventures Limited
- The merger was approved by the Board of Directors on 25th November 2025
- The Competition Commission of India (CCI) approved the merger on 17th February 2026
- The merger is in accordance with Sections 230 to 232 and other applicable provisions of the Companies Act, 2013