Merger20 May 2026, 11:06 am
NDL Ventures Receives No Objection Letter for Hinduja Leyland Merger
AI Summary
NDL Ventures Ltd. has received No Objection/No Adverse Observation Letters from BSE and NSE for the proposed merger of Hinduja Leyland Finance Limited into NDL Ventures. The approvals are subject to other statutory and regulatory requirements, including NCLT and shareholder approvals. The observation letters are valid for six months from the date of issue (May 18 & 19, 2026). This follows an earlier intimation on November 25, 2025, regarding the board's approval of the merger scheme.
Key Highlights
- NDL Ventures received 'No Objection' letters from BSE and NSE for the merger.
- Merger is subject to NCLT and shareholder approvals.
- Observation letters are valid for six months.
- The merger involves Hinduja Leyland Finance into NDL Ventures.
- SEBI has provided comments on the draft scheme of arrangement.
Price Impact
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