NDL Ventures & Ashok Leyland Subsidiary Merger: Value Unlock or Risky Bet for Investors? Find Out Now!

Overview

NDL Ventures' board has approved the merger of its subsidiary, Hinduja Leyland Finance, a non-bank lender, into NDL Ventures. Shareholders of Hinduja Leyland Finance will receive 25 NDL Ventures shares for every 10 held. This strategic move aims to integrate financial services operations and create shareholder value by participating actively in the NBFC sector. Regulatory approvals are pending.