NDL Ventures shares skyrocketed on Wednesday, February 18, trading 14.71% higher at ₹111.82 per share on the National Stock Exchange (NSE) at 9:31 am. According to reports from Upstox, the stock's market capitalisation stands at ₹376.52 crore following the regulatory approval. The surge came after the Competition Commission of India (CCI) cleared the proposed merger of Hinduja Leyland Finance Limited with NDL Ventures.
As reported by Upstox, the CCI issued a release on February 17 stating it has greenlit the proposed combination that seeks the merger and consolidation of the businesses of Hinduja Leyland Finance with and into NDL Ventures. The Competition Commission of India approved the merger, which requires CCI clearance for acquisitions and mergers beyond a certain threshold to monitor unfair business practices.
According to the report, Hinduja Leyland Finance is a non-banking finance company (NBFC) – Asset Finance Company that offers small ticket-size loans to urban and semi-urban retail customers. The company also provides financing solutions for various vehicles, bringing operational capabilities to the merger combination.
As reported by Upstox, currently, NDL Ventures Ltd does not have any active business, making the merger significant for establishing operational activities. The company had reported a profit after tax of ₹23.32 lakh in the December quarter of financial year 2025-26, compared to ₹6.59 lakh in the year-ago period. Total income for the quarter ended December 2025 was ₹1.26 crore versus ₹1.16 crore in the corresponding period of the previous fiscal year.