OICHARTS
8 AMThe 8 AM report →
AutomobilesMedium impactAfter close

Ashok Leyland approves merger with NDL Ventures

after close1 source ↓written by the desknot a recommendation

for every
25 shares of NDL
take effect
1 Apr 2026

The Board of Directors of Hinduja Leyland Finance approved the merger by absorption into NDL Ventures on 25 Nov 2025. The share exchange ratio is 25 shares of NDL for every 10 shares of Hinduja Leyland Finance. This merger is pending regulatory approvals and is set to take effect from 1 Apr 2026.

This strategic move may enhance operational efficiencies and market positioning for both entities.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 28 Nov 2025, 16:03 IST.

Sourcesnews.google.com

The market after the news

ASHOKLEY closed +1.4% on the day of the news, from ₹158.12 to ₹160.30; Nifty −0.1% over the same session; futures OI +2.9%.

Bulletin at 16:03 IST on 28 Nov 2025. Every change is measured from ₹158.12, the last close before it, on 28 Nov. Nifty 50 is measured over the same sessions.

  • ASHOKLEY close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
ASHOKLEY closes around the bulletin against the close before the news, with Nifty 50 rebased to it139.65158.12176.59axis spans 26%before the news · 28 Nov158.12Nifty 50ASHOKLEYbulletinD0+1+3+524 Nov4 Dec15 DecFutures open interest, lotspeak 31,000Reference close ₹158.12. 16 sessions from 24 Nov to 15 Dec; the price axis spans 26 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before28 Nov₹158.12basebase
On the day1 Dec₹160.30▲ +1.4%▼ −0.1%+1.5 pp difference
+1 session2 Dec₹160.00▲ +1.2%▼ −0.7%+1.8 pp difference
+3 sessions4 Dec₹160.21▲ +1.3%▼ −0.7%+2.0 pp difference
+5 sessions8 Dec₹159.28▲ +0.7%▼ −0.9%+1.7 pp difference
Gap at the open, % · ₹
▲ +0.1%+0.14 on 1 Dec
Day's range, % · ₹
3.0%≈ 4.8 high to low
Volume on the day
1.24×the 20-session average
Futures OI on the day
▲ +2.9%+750 lots · long build-up · price +1.4%
Futures OI open, lots
26,0001 Dec · 30 Dec expiry
Futures premium, ₹
−0.99−0.6% to spot
Puts per call, by OI
0.89from 0.80 the session before
Max pain
155from 152 the session before

Source NSE UDiFF bhavcopy · ASHOKLEY on the desk →

Thread · ASHOKLEYAll ASHOKLEY bulletins →

Related