Hinduja Leyland Finance (HLF) has received unanimous approval from its unsecured creditors, including NCD holders, for its proposed merger with NDL Ventures, marking another major milestone in the restructuring process.
The merger scheme was also approved by public equity shareholders, with all valid votes cast in favour at the NCLT-convened meetings held on 30 July 2026, reflecting broad stakeholder support.
The scheme has an appointed date of 1 April 2026 and forms part of the Hinduja Group's strategy to consolidate its NBFC business under a listed entity, enabling better access to capital markets and operational efficiencies.
The transaction has already secured key approvals from stock exchanges, shareholders, and creditors, leaving the remaining statutory and NCLT approvals before the merger can become effective.
Once completed, the merger is expected to strengthen the combined entity's balance sheet, improve fundraising flexibility, and create a larger, more diversified financial services platform.
