Merger19 Jun 2026, 01:42 pm
NCLT Orders Meeting for NDL Ventures-Hinduja Leyland Finance Merger
AI Summary
NDL Ventures Ltd announced that the National Company Law Tribunal (NCLT) has issued an order dated June 17, 2026, directing the convening of meetings for its equity shareholders and unsecured creditors. This meeting is a crucial step in the proposed Scheme of Merger by Absorption, where Hinduja Leyland Finance Limited will merge into NDL Ventures Limited. This follows earlier approvals from stock exchanges and is in accordance with Sections 230-232 of the Companies Act, 2013. Further updates on the merger process will be provided as they occur.
Key Highlights
- NCLT orders meeting for NDL Ventures and Hinduja Leyland Finance merger.
- Shareholders and creditors to vote on the proposed merger scheme.
- Merger is by absorption of Hinduja Leyland Finance into NDL Ventures.
- Process follows stock exchange no-objection letters.
- Further developments will be intimated as per regulations.
Price Impact
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