NDL Ventures Shares Soar 20% on CCI Approval for Hinduja Leyland Finance Merger

• NDL Ventures shares hit a 20% upper circuit, reaching Rs 117.6 on BSE after CCI approved its merger with Hinduja Leyland Finance.
• The surge was driven by investor enthusiasm following the Competition Commission of India's approval of the merger.
• The merger scheme involves issuing 25 equity shares of NDL Ventures for every 10 shares of Hinduja Leyland Finance, all with a face value of Rs 10.
• NDL Ventures operates in real estate and financial services, while Hinduja Leyland Finance is an NBFC-Asset Finance company.
• The merger is expected to strengthen NDL Ventures' position in financial services, with the market reacting positively to the news.