NDL Ventures files NCLT petition for Hinduja Leyland Finance merger

Nclt Scheme FiledStrategic Transactions View source PDF Explain this filing

NDLVENTURE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+3.5%Reaction day

₹129.51

prior close

₹135.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.1%+2.4% vs market

Other Financial Services peers, median of 80sector+0.1%+3.4% vs sector

On the reaction day the stock moved 2.4 pts more than Nifty Microcap 250 and 3.4 pts more than its Other Financial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-4.0

10m

-1.3

15m

-1.3

30m

-2.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.5+1.1+2.4+0.1+3.4

Next day

+1.7+1.3+0.4-0.6+2.4

+1.9+2.2-0.3-0.1+2.1

+1.2+2.2-1.0-0.9+2.1

-0.5+0.2-0.7-2.0+1.5

+2.4+2.1+0.4-0.8+3.2

-2.7-0.5-2.2-1.3-1.4

15d

+1.8+7.5-5.7-1.8+3.6

+2.7+8.6-6.0-2.1+4.8

-0.7+9.1-9.8-2.9+2.2

-7.2+11.8-18.9-0.2-7.0

UpDownMarket · Nifty Microcap 250Sector · Other Financial Services peers, median of 80Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

NDL Ventures has filed a petition with the Mumbai bench of the NCLT seeking approval for the merger by absorption of Hinduja Leyland Finance Limited into NDL Ventures under Sections 230-232 of the Companies Act, 2013. The scheme remains subject to NCLT and other regulatory approvals. No swap ratio or financial terms were disclosed in this filing.

Likely market impact

Merger process moves to NCLT review. Swap ratio and final structure still awaited, leaving dilution impact on existing shareholders unclear.