The company has a market share of 12% in fractional horsepower motors, 7.2% in LED lighting & flashlights and 10.7% in small appliances as of FY21
The company has reduced the offer to 1.42 crore shares from 1.92 crore shares after receiving Rs 142 crore from anchor investors.
The merger will enable the shareholders of NDL to participate in and bolster the growth plans of HLFL thereby creating value for shareholders.

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