Ashok Leyland Share Price Rise 5.59% After Board Clears Merger of Hinduja Leyland Finance With NDL Ventures

Chennai, November 27: Ashok Leyland share price is witnessing heavy investor demand today, after its subsidiary’s board cleared merger of Hinduja Leyland Finance With NDL Ventures. As of 11:55 AM, Ashok Leyland shares were up by 5.59%, or 8.32 points and were trading at ₹157.27. Until now, the shares have traded within a range of ₹157.49 and ₹149.50. The traded volume for the Ashok Leyland stock stood at 4 crore shares, with the company’s market cap at ₹87,491 crore. The shares have their 52-week high at ₹157.49 and their 52-week low at ₹95.93.

NDL Ventures share price was also up by 0.94%, or 0.92 points, and was trading at ₹99.

Ashok Leyland Limited (NSE: ASHOKLEY, BSE: 500477) is a flagship company of the Hinduja Group. It is one of India’s largest commercial vehicle (CV) manufacturers. It is also the fourth largest manufacturer of buses in the world. The company was established in 1948 and is headquartered in Chennai, Tamil Nadu.

Shares Rises After Board Clears Merger of Hinduja Leyland Finance With NDL Ventures

The rise in the share price comes after the company announced that it has informed the stock exchanges that the board of its subsidiary, Hinduja Leyland Finance Limited (HLFL), has approved a merger with NDL Ventures Limited (formerly NXTDIGITAL Limited). The merger decision was disclosed through an exchange intimation dated November 26, 2025. The communication, signed by the Company Secretary of Ashok Leyland, confirms that HLFL’s board approved the merger at its meeting held on November 25, 2025.

Under the merger, eligible shareholders holding 25 NDL shares will receive 10 HLFL shares post the merger. However, the merger still requires the approval of Shareholders, creditors, NCLT, stock exchanges.

Investor Takeaway for Ashok Leyland

Ashok Leyland’s subsidiary has announced its merger with NDL ventures. The merger will simplify the overall structure of the company, and will allow NDL Ventures to use the resources of the subsidiary for further expansion. It will also reward the shareholders of NDL Ventures, who will receive the shares of HLFL after the merger. Both the companies are witnessing positive investor demand, leading to a share price rise.

REF: https://nsearchives.nseindia.com/corporate/ASHOKLEY_26112025194430_70AL_HLFL_Intimation_26112025.pdf

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