The Competition Commission of India (CCI) has approved the merger of Hinduja Leyland Finance Limited into NDL Ventures Limited, clearing a significant regulatory hurdle for the corporate restructuring within the Hinduja Group. According to the exchange filing by NDL Ventures on February 18, 2026, the CCI approved the scheme at its meeting held on February 17, 2026, bearing registration number C-2025/12/1363 under sub-section (1) of section 31 of the Competition Act, 2002.
The regulatory approval triggered a strong market response, with NDL Ventures shares touching a 52-week high on Wednesday following the CCI announcement. As reported by ET Now, the stock surged 20% to ₹117.60 per share, reaching its upper circuit limit on the Bombay Stock Exchange (BSE). The company's market capitalisation stands at ₹395.98 crore, reflecting investor confidence in the merger outcome.
The merger scheme was originally approved by the board of directors on November 25, 2025, involving the absorption of Hinduja Leyland Finance Limited into NDL Ventures Limited (formerly known as NXTDIGITAL Limited). According to the exchange filing, the scheme is structured under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013. The CCI approval represents one of the statutory clearances required for implementing the merger scheme.
While the CCI approval is a significant milestone, the merger scheme remains subject to other necessary regulatory approvals, including those from stock exchanges, SEBI, and the National Company Law Tribunal as applicable. As reported by ET Now, NDL Ventures reported a profit after tax of ₹23.32 lakh in the December quarter of FY 2025-26, up from ₹6.59 lakh in the year-ago period. The company's total income stood at ₹1.26 crore for the quarter ended December 2025, compared with ₹1.16 crore in the corresponding quarter of the previous financial year.