Hinduja Leyland Finance Poised For Growth Through A Reverse Merger With NXTDigital, A Listed Hinduja Group Media Company

Hinduja Leyland Finance (HLF) is poised for a significant transformation as it gears up to go public through a reverse merger with NXTDigital, a listed media company under the Hinduja Group. This strategic move is expected to unlock substantial value for investors and enhance the visibility of HLF’s true potential.

​​Mr. Prakash Hinduja, Chairman of Hinduja Group, Europe shared his enthusiasm for the upcoming merger, stating, “The reverse merger with NXTDigital is a pivotal step in realizing the full potential of Hinduja Leyland Finance. We are confident that this move will provide investors with a clearer reflection of the company’s inherent value and open new avenues for growth.”

As the company prepares for its public listing, the merger will transition HLF into a Non-Banking Financial Company (NBFC). Currently valued at Rs 3,200 crore based on the shareholding rate of Ashok Leyland, experts anticipate that the listing could significantly increase its market value.

This strategic development comes amidst a period of strong operational performance for Ashok Leyland, despite a slight decline in net profit. The company has reported record-high sales of trucks and buses, further solidifying its position in the market.

The Hinduja Group’s decision to list HLF separately underscores its commitment to maximizing shareholder value and leveraging opportunities in the financial sector. With the merger, HLF is set to embark on a new chapter of growth and success.

About the Hinduja Group

The Hinduja Group is one of India’s premier diversified and transnational conglomerate. Employing about 200,000 employees, with a presence across 38 countries, it has a multi-billion-dollar revenue. The Group was founded over a hundred years ago by Shri PD Hinduja whose credo was “My duty (dharma) is to work so that I can give.” The Group owns businesses in Mobility, Digital Technology, Banking and Financial Services, Media, Project Development, Lubricants and Specialty Chemicals, Energy, Real Estate, Trading, and Healthcare. The Group also supports charitable and philanthropic activities across the world through the Hinduja Foundation.

For more information, you can read the full news article here.