CCI Approves Merger Of Hinduja Leyland Finance With NDL Ventures

The proposed combination seeks to merge and consolidate the businesses of HLFL into NDL Ventures Limited

NDL Ventures presently does not have any active business operations. Post-merger, Hinduja Leyland's business will be consolidated into NDL as part of the restructuring exercise.

Hinduja Leyland Finance is a NBFC & Asset Finance Company primarily engaged in providing small ticket loans to urban and semi-urban retail customers. The company finances a broad range of vehicles, including two-wheelers, light and medium commercial vehicles, small commercial vehicles, cars and multi utility vehicles.

With this approval, the proposed restructuring within the Hinduja Group's financial services business can now proceed, subject to compliance with applicable regulatory requirements.

A detailed order of the competition watchdog is expected to follow.