Hinduja Leyland Finance to merge into NDL Ventures

Publicly listed commercial vehicle maker Ashok Leyland has approved the merger by absorption of Hinduja Leyland Finance into NDL Ventures on April 1, 2026.The merger's share exchange ratio is set at 25 equity shares of NDL Ventures for every 10 shares of Hinduja Leyland Finance, with both companies' shares having a face value of INR 10 each.Hinduja Leyland Finance Ltd (HLFL) provides a wide range of financial products, including loans and leasing services, primarily for commercial and personal vehicles, construction equipment, and tractors.NDL Ventures, through its subsidiaries, engages in real estate business. The company was formerly known as Nxtdigital Ltd and changed its name to NDL Ventures in April 2023.