Ashok Leyland's Material Subsidiary Receives CCI Approval for Merger with NDL Ventures
Ashok Leyland Limited announced that the Competition Commission of India has approved the merger of its material subsidiary, Hinduja Leyland Finance Limited, with NDL Ventures Limited on February 17, 2026. The approval was granted under Registration No. C-2025/12/1363, following the Board's earlier approval of the Scheme of Merger by Absorption on November 25, 2025. This regulatory clearance represents a significant milestone in the corporate restructuring process involving Ashok Leyland's material subsidiary.
