Merger18 Feb 2026, 01:16 pm
NDL Ventures Receives CCI Approval for Merger with Hinduja Leyland Finance
AI Summary
NDL Ventures Ltd. has received approval from the Competition Commission of India (CCI) for the proposed combination under Section 31(1) of the Competition Act, 2002, in connection with the Scheme of Merger by Absorption of Hinduja Leyland Finance Limited into NDL Ventures Ltd. This approval is one of the necessary statutory/regulatory approvals required for the implementation of the Scheme, which remains subject to the receipt of other necessary approvals, including approval from the Stock Exchange(s), Securities and Exchange Board of India, and the Hon'ble National Company Law Tribunal.
Key Highlights
- NDL Ventures has received CCI approval for the proposed merger with Hinduja Leyland Finance.
- The approval is a significant step towards the implementation of the merger scheme.
- The merger scheme remains subject to the receipt of other necessary approvals.
- The CCI approval was granted under Section 31(1) of the Competition Act, 2002.
- The merger is expected to create synergies and enhance the financial and operational performance of the combined entity.