Ashok Leyland has issued a clarification regarding a news article published on November 27, 2025, concerning the merger of Hinduja Leyland Finance Limited (HLFL) into NDL Ventures Limited (NDL). The company states that the news was factually incorrect. HLFL, a material subsidiary, had previously informed exchanges of a proposed merger of HLFL into NDL, subject to approvals, which its Board approved on November 25, 2025. The news item has since been rectified.
News Report Clarification
Ashok Leyland addresses a recent news article appearing in “The Hindu Businessline” on November 27, 2025. The report incorrectly stated that Ashok Leyland approves a merger involving Hinduja Leyland Finance Limited (HLFL) and NDL Ventures Limited (NDL).
HLFL Merger Details
The company clarifies that HLFL is indeed a material subsidiary. HLFL had previously informed the stock exchanges that its Board, during a meeting held on November 25, 2025, approved a Scheme of Merger involving HLFL into NDL, contingent upon regulatory approvals.
Previous Intimation and Rectification
Ashok Leyland had previously informed the exchanges on November 26, 2025, regarding this matter. The company confirms that “The Hindu Businessline” has rectified the news item to accurately reflect the correct position.
Source: BSE
