What merger has Ashok Leyland's board approved?

Ashok Leyland's board approved the merger of Hinduja Leyland Finance Limited (HLFL) into NDL Ventures Limited.

What is the share exchange ratio for the HLFL and NDL Ventures merger?

The approved share exchange ratio is 25 NDL Ventures shares for every 10 Hinduja Leyland Finance shares.

When is the appointed date for the Ashok Leyland merger?

The appointed date for the merger is targeted for April 1, 2026, subject to regulatory approvals.

Home / Business and Economy / Ashok Leyland Board Approves Major Merger Scheme

Ashok Leyland Board Approves Major Merger Scheme

27 Nov, 2025

•

Summary

Ashok Leyland's board greenlit a merger of Hinduja Leyland Finance into NDL Ventures.
The merger is subject to approvals from SEBI, NCLT, and stock exchanges.
A share exchange ratio of 25 NDL Ventures shares for 10 Hinduja Leyland Finance shares is set.

Ashok Leyland Board Approves Major Merger Scheme

Ashok Leyland's board of directors has officially sanctioned a scheme to merge Hinduja Leyland Finance Limited (HLFL) into NDL Ventures Limited. This pivotal decision awaits final approval from regulatory authorities, including the Securities and Exchange Board of India (SEBI) and the National Company Law Tribunal (NCLT), along with consent from shareholders and stock exchanges. The merger marks a significant step in the company's strategic restructuring efforts.