New Delhi, February 17 The Competition Commission of India (CCI) has approved the proposed merger of Hinduja Leyland Finance Ltd with NDL Ventures Ltd.
Hinduja Leyland Finance is an NBFC-Asset Finance Company that provides small-ticket loans to urban and semi-urban retail customers. It provides financing for various vehicles, among others.
In a statement on Tuesday, the regulator said it has approved the proposed combination that seeks to merge and consolidate the businesses of Hinduja Leyland Finance with and into NDL Ventures.
Currently, NDL Ventures does not have any active business operations.
Mergers and acquisitions exceeding a certain threshold require the approval of the CCI, which monitors unfair business practices.