India’s antitrust regulator, the Competition Commission of India, has cleared the proposed merger of Hinduja Leyland Finance with NDL Ventures, paving the way for a consolidation designed to streamline the group’s lending structure. In a press note released on Tuesday, the regulator stated that the transaction will integrate the operations of Hinduja Leyland Finance into NDL Ventures, which currently does not carry out any active business.

Hinduja Leyland Finance functions as a non-banking financial company (NBFC) specialising in asset finance for urban and semi-urban retail customers—an area witnessing steady growth driven by rising vehicle ownership and the expansion of last-mile logistics. Its portfolio covers a broad range of mobility categories, including two-wheelers, three-wheelers, light and heavy commercial vehicles, passenger cars, and multi-utility vehicles. In addition to vehicle loans, the company offers loans against property and housing finance, including affordable housing loans, segments considered vital for advancing financial inclusion.