Merger Update: CCI clears merger of Hinduja Leyland Finance with NDL Ventures; share price hits 52-week high

The Competition Commission of India (CCI) has approved the merger of Hinduja Leyland Finance Limited into NDL Ventures Limited, clearing the way for a corporate restructuring within the Hinduja Group.

"This is further to our communication dated November 25, 2025, wherein we had informed that the Board of Directors of the company, at its meeting held on November 25, 2025, approved the Scheme of Merger by Absorption of Hinduja Leyland Finance Limited ("Transferor Company") into NDL Ventures Limited (formerly known as NXTDIGITAL Limited) ("Transferee Company") and their respective shareholders under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 read with rules framed thereunder ("Scheme")," NDL Ventures said in an exchange filing on February 18.

"In this connection and pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that the Competition Commission of India ("CCI") at its meeting held on February 17, 2026, considered the proposed combination and approved the same (bearing Registration No. C-2025/12/1363) under sub-section (1) of section 31 of the Competition Act, 2002. The details of the same are annexed below in the form of 'Annexure'," it added.

The CCI approval is one of the statutory and regulatory clearances required for implementing the scheme. The scheme is still subject to other necessary approvals, including those from stock exchanges, SEBI and the National Company Law Tribunal, as applicable.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)