Synopsis: The shares of this financial service company were in focus today, as the company in its press release announced the merger by Absorption of Hinduja Leyland Finance Limited into NDL Ventures Limited.
The shares of this company, which provides financial services, except insurance and pension funding, are in the news today following the company announcing the merger, which resulted in its shares soaring by 5%.
With a market cap of Rs 323 crore, the shares of NDL Ventures Ltd gained 5% and reached a high of Rs 102.23 when compared to its previous day closing price of Rs 97.37. The shares are trading at a PE of 442, whereas its industry PE is 30 and its median PE is 285
About the Merger.
NDL Ventures has taken an important step toward transforming its future by agreeing to merge Hinduja Leyland Finance (HLFL) into itself. HLFL is a large and established NBFC with a strong lending business and a solid financial base, and bringing it into NDL will completely reshape the company. Once the merger goes through, all of HLFL’s assets, loans, customers, and operations will become part of NDL, effectively turning NDL into the main NBFC arm of the Hinduja Group.
As part of the deal, HLFL shareholders will receive 25 NDL shares for every 10 shares they currently hold, meaning they will eventually become significant owners of the combined company. The merger does not involve any cash payout; instead, it is built entirely around share exchange. The idea behind this move is straightforward: combining both businesses will give the merged company more scale, more capital-raising power, and better operational efficiencies. It will also eliminate duplicate costs and give the strengthened entity more room to grow in the competitive NBFC space.
The merger will take effect from April 1, 2026. For NDL, this marks a shift from being a relatively small financial-services and real-estate player to becoming a much larger and more influential NBFC with a wider reach, stronger finances, and greater long-term growth potential.
Financials and others.
The total income for the company stood at Rs 1.24 crore in Q2 FY25 and Rs 1.20 crore in Q2 FY26, maintaining the same trajectory; however, the net profit grew by 35.5%, increasing from Rs 20.92 lakhs in Q2 FY25 to Rs 28.35 lakhs in Q2 FY26.
NDL Ventures Limited has gone through a long and evolving journey over the past few decades. The company began in 1985 as Mitesh Mercantile & Financing Limited, and as its business direction changed, so did its identity. It became Hinduja Finance Corporation in 1995, shifted to Hinduja TMT in 2001, and later transformed into Hinduja Ventures in 2007. Each change reflected a new phase of growth and a broader vision for the future.
In 2019, the company adopted the name NXTDIGITAL to represent its growing presence in the digital and communications space. After the digital and media business was demerged to Hinduja Global Solutions, along with well-known brands like “NXTDIGITAL”, the company once again redefined itself. In April 2023, it received a new Certificate of Incorporation and formally became NDL Ventures Limited.
Written by Leon Mendonca.
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