The board of Hinduja Leyland Finance has approved the merger of the company with NDL Ventures Ltd. (formerly known as NXTDIGITAL Ltd).
The merge proposal is, however, subject to approval from assorted regulatory authorities.
The scheme proposes allotment of 25 equity shares of the face value of Rs 10 each of NDL ventures for every 10 equity shares of the face value of Rs 10 each held in Hinduja Leyland Finance Ltd.
The appointed date for the merger is fixed as 01 April, 2026.
NDL reported income from operations of Rs 4.94 crore for the year ended March 2025. Its net worth was placed at Rs 60.60 crore.
Hinduja Leyland Finance reported a total income from operation of Rs.4473.33 for the year ended March 2025. The net worth of the company is reportedly at Rs 7299.23 crore.
The merger, it is claimed, is in consonance with the global corporate restructuring practices which intends and seeks to achieve flexibility and integration of size, scale and financial strength.
