NDL Ventures Share Price Gains Over 8% as Company Receives No-Objection from BSE and NSE for Merger with Hinduja Leyland Finance

NDL Ventures Limited has reached a significant milestone in its merger process with Hinduja Leyland Finance Limited.  

The company has received no-objection letters from both BSE Limited and the National Stock Exchange of India Limited, marking a crucial step forward in the proposed merger by absorption. 

No Objection Letters from Stock Exchanges 

On May 18, 2026, BSE Limited issued a no-objection letter, followed by a similar communication from the National Stock Exchange of India Limited on May 19, 2026.  

These letters indicate that the stock exchanges have no adverse observations regarding the proposed merger of Hinduja Leyland Finance Limited into NDL Ventures Limited.  

The validity of these observation letters is 6 months from the date of issue. 

Background of the Merger Proposal 

The merger proposal was initially approved by the Board of Directors of NDL Ventures Limited on November 25, 2025.  

The scheme involves the absorption of Hinduja Leyland Finance Limited into NDL Ventures Limited, with the aim of consolidating operations and enhancing shareholder value.  

This merger is structured under Sections 230 to 232 of the Companies Act, 2013. 

Next Steps in the Merger Process 

While the no-objection letters from the stock exchanges are a positive development, the merger is still subject to several other statutory and regulatory approvals.  

These include the approval of the Hon’ble National Company Law Tribunal (NCLT) and the shareholders of both companies. Additionally, other necessary consents from relevant authorities and bodies will be required to complete the merger. 

Read More: Lloyds Engineering Works Share Price in Focus; Receives NOC from NSE for 3 Companies Merger Scheme! 

NDL Ventures Share Price Performance 

As of May 20, 2026, at 11:28 AM, NDL Ventures share price on NSE was trading at ₹131.99 up by 8.50% from the previous closing price. 

Conclusion 

The receipt of no-objection letters from BSE and NSE is a significant step for NDL Ventures in its merger with Hinduja Leyland Finance. While further approvals are necessary, this development marks progress in the merger process. 

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