NDL Ventures Files Application with NCLT for Merger Scheme
NDL Ventures Limited, formerly known as NXTDIGITAL LIMITED, has filed an application before the National Company Law Tribunal (NCLT), Mumbai Bench, concerning a proposed Scheme of Merger. The filing, which took place on June 01, 2026, seeks directions and orders in relation to the merger proceedings.The application was submitted under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013.
The filing relates to the proposed Scheme of Merger by Absorption of Hinduja Leyland Finance Limited, identified as the Transferor Company, into NDL Ventures Limited, identified as the Transferee Company.
The company confirmed that the Scheme remains subject to the receipt of approvals, sanctions, and permissions from the Hon'ble NCLT and any other required regulatory or statutory authorities.
Further developments concerning the merger will be communicated in accordance with applicable laws and regulations.
NDLVENTURE Stock Price Movement
Shares of NDL Ventures Limited slipped 1.67% on Monday, closing at ₹130.72. The stock saw a trading volume of 19,311 shares, concluding the session significantly below its previous day's close.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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