NDL Ventures to Absorb Hinduja Leyland Finance in $1.5 Billion Merger

NDL Ventures Ltd. has approved the merger of Hinduja Leyland Finance Limited into NDL Ventures. The merger ratio is 1:2, with 25 equity shares of NDL being issued for every 10 equity shares held in HLFL. The merger is subject to approvals from shareholders, regulatory bodies, and the National Company Law Tribunal. The appointed date for the merger is April 01, 2026. The merger is expected to enhance shareholder value and provide growth capital to accelerate growth.