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Ashok Leyland climbs after finance arm approves merger with NDL Ventures
Ashok Leyland gained sharply after Hinduja Leyland Finance approved a merger with NDL Ventures, aligning with the group’s broader restructuring and governance-driven consolidation plan.
Ashok Leyland shares advanced 5% to a 52 week high of ₹156.45 after subsidiary Hinduja Leyland Finance approved a merger with NDL Ventures. The deal, planned through a Scheme of Merger by Absorption, proposes a 25:10 share exchange ratio and is targeted to take effect from April 2026, subject to approvals.