Ashok Leyland approves merger with Hinduja Leyland Finance
pre-market1 source ↓written by the desknot a recommendation
- for every
- 25 shares of NDL
- for every
- 10 shares of Leyland Finance
- appointed date
- 1 Apr 2026
Ashok Leyland's Board approved the merger by absorption of Hinduja Leyland Finance into NDL Ventures Ltd, with a share exchange ratio of 25 shares of NDL for every 10 shares of Leyland Finance. The merger is pending approvals from SEBI, stock exchanges, and NCLT, with an appointed date of 1 Apr 2026. This move may enhance operational efficiency and market positioning.
Not investment advice. For informational purposes only.