Ashok Leyland shares rise 5% to hit 52-week high on proposed merger of finance arm with NDL Ventures
Shares of Ashok Leyland rallied 5% to hit a fresh 52-week high of Rs 156.45 on the BSE on Thursday, following the announcement of a proposed merger of its material subsidiary Hinduja Leyland Finance Limited (HLFL) with NDL Ventures Limited (formerly known as NXTDIGITAL Limited). The merger was approved by the Board of Directors of…