Announced Thu, 20 Aug · 23:41 IST
NCLT admits merger petition; hearing set for September 18, 2026
NDLVENTURE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+3.2%1-day move
₹119.50
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+3.2+2.0+3.7+2.1+0.0+2.9+4.5+3.2——
Up moveDown movePending
AI summary
NDL Ventures told exchanges that NCLT Mumbai admitted the merger petition for absorbing Hinduja Leyland Finance Limited into NDL Ventures. The tribunal ordered notices to statutory authorities including SEBI, RBI, and CCI, with a 30-day window for representations. Next hearing is fixed for September 18, 2026. Equity shareholders of both companies had already approved the scheme in July 2026 meetings.
Likely market impact
Merger process moves forward as expected; final NCLT approval pending at September 18 hearing.