Hinduja Leyland Finance to merge with group firm NxtDigital in 9 months

NxtDigital handles broadband, digital cable television, content syndication, teleshopping

Chennai-based Hinduja Leyland Finance (HLF), the finance arm of commercial vehicle maker Ashok Leyland, will merge with a listed group company called NxtDigital within nine months, a top company executive said.

NxtDigital handles the group’s digital and media businesses that include broadband, digital cable television, content syndication, and teleshopping. Hinduja Global Solutions will acquire the business from NxtDigital and it is awaiting regulatory approval. HLF will merge with NxtDigital after the approval.

“We expect the merger process between HLF and NxtDigital to be over within six to nine months. This will help us in meeting the listing plans and capital