Merger News: After the merger news, there was a rush to buy shares and an upper circuit of 20%

News Topical, Digital Desk : The company's shares saw a sharp rise on Wednesday, hitting a 20% upper circuit. The company's shares climbed to ₹117.6 on the BSE. The rise was due to the Competition Commission of India (CCI) approving the merger. This boosted investor enthusiasm, leading to strong buying. On the morning of February 18th, the stock opened at ₹106.16, compared to a closing price of ₹97.49. Subsequently, the stock was locked in the upper circuit at ₹116.98

Why did the stock rise?
Meanwhile, the stock of NDL Ventures on BSE reached Rs 117.6 with an upper circuit of 20%. Around 9:18 am, the stock was trading at Rs 117.45, having gained more than 19%. Whereas BSE Sensex was trading flat.

The biggest reason for this rise is the approval of CCI. The Competition Commission of India informed through a press release that it has approved the merger of Hinduja Leyland Finance with NDL Ventures.

When will the merger happen?
The company had received the No-Objection Certificate (NOC) for this merger from the Reserve Bank of India (RBI) in August 2025. After this, the board of the company approved the merger scheme in November 2025.

The Board, at its meeting held on November 25, 2025, unanimously approved the scheme to merge Hinduja Leyland Finance with NDL Ventures, following the recommendation of the Audit Committee and Independent Directors.

What is the share swap ratio?
Under the merger, 25 equity shares of NDL Ventures will be issued for every 10 shares of Hinduja Leyland Finance. All shares will have a face value of ₹10. The record date will be announced later.

What does NDL Ventures do?
NDL Ventures is engaged in the real estate and financial services business. The company was established on July 18, 1985, as “Mitesh Mercantile & Financing Limited.” It subsequently underwent several name changes—Hinduja Finance Corporation, Hinduja TMT, Hinduja Ventures, NXTDIGITAL, and finally, in April 2023, as NDL Ventures Limited.

Hinduja Leyland Finance's Business
Hinduja Leyland Finance is an NBFC-Asset Finance company that provides small-ticket loans to urban and semi-urban customers. The company provides financing for two-wheelers, three-wheelers, light and heavy commercial vehicles, cars, and multi-utility vehicles. It also offers loans against property and home loans, including affordable housing loans.

What's next?
The merger process may accelerate after CCI approval. This merger is expected to strengthen NDL Ventures' position in financial services. It will be important for investors to see how the merger impacts the company's balance sheet, asset quality, and loan growth. Currently, the market has welcomed this news, resulting in a sharp rise in the stock.

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