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Nxtdigital soars on getting nod for merger of HLFL with itself

17 Aug 2022 Evaluate

NXTDigital is currently trading at Rs. 436.40, up by 14.55 points or 3.45% from its previous closing of Rs. 421.85 on the BSE.

The scrip opened at Rs. 445.00 and has touched a high and low of Rs. 447.00 and Rs. 432.15 respectively. So far 4702 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 521.14 on 12-Oct-2021 and a 52 week low of Rs. 320.00 on 21-Jun-2022.

Last one week high and low of the scrip stood at Rs. 447.00 and Rs. 401.05 respectively. The current market cap of the company is Rs. 1465.89 crore.

The promoters holding in the company stood at 64.67%, while Institutions and Non-Institutions held 15.33% and 20.00% respectively.

Nxtdigital has received approval from its Board for proposed Scheme of Arrangement between Nxtdigital (NDL) and Hinduja Leyland Finance (HLFL) and their respective Shareholders - for merger of HLFL with the Company, subject to regulatory and shareholder approvals. The proposed scheme for the merger of HLFL will come into effect after the on-going scheme of transfer of the ‘Digital Media & Communications Business undertaking’ into Hinduja Global Solutions (HGSL) is completed.

The Board also approved the share exchange ratio for the proposed merger. The ratio was approved based on the comprehensive valuation exercise carried out and recommended by two independent valuers, KPMG Valuation Services and SSPA & Co., Chartered Accountants. As per the valuation, the shareholders of HLFL will get 23 fully paid equity shares of face value of Rs 10 per share in NDL for every 10 fully paid equity shares of face value of Rs 10 each held by them in HLFL. The proposed merger, once completed, will fuel the expansion plans of both companies.

Nxtdigital is the flagship media business of the global Hinduja Group. The company is India’s only integrated Digital Delivery Platform - delivering services via satellite, digital cable and broadband.

NXTDigital Share Price

133.85 10.25 (8.29%)
20-Apr-2026 16:59 View Price Chart
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