NDL Ventures Limited has informed the Exchange about General Updates
NDLVENTURE · price
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NDL Ventures Limited (formerly NXTDIGITAL Limited) has received 'No-objection/No Adverse Observation Letters' from both BSE (dated May 18, 2026) and NSE (dated May 19, 2026) for the proposed Scheme of Merger by Absorption. Under this scheme, Hinduja Leyland Finance Limited (HLFL) will be merged into NDL Ventures Limited, with HLFL being the Transferor Company and NDL as the Transferee Company. The observation letters have a validity of 6 months, within which the company must file the scheme with NCLT. SEBI has issued several compliance conditions including detailed disclosure requirements about shareholding patterns, promoter stake increase impact on public shareholders, valuation reports, and financial details of all entities involved. The scheme still requires approvals from NCLT, shareholders, and other regulatory authorities.
This is a key regulatory milestone for the merger. The exchange no-objection clears the path for filing with NCLT. However, the scheme remains subject to shareholder and NCLT approval, and public shareholders should note that promoter shareholding will increase post-merger, which may have implications for minority shareholders.