NCLT Mumbai Bench issues order for Scheme of Amalgamation merging Hinduja Leyland Finance Limited into NDL Ventures Limited.
Scheme proposes share exchange ratio of 25 NDL shares for every 10 HLFL shares held by shareholders.
Meetings of equity shareholders and unsecured creditors to be convened for scheme approval, secured creditors' meeting dispensed with.
Order directs compliance with statutory notices to regulators including RBI, SEBI, CCI, Income Tax, and ROC.