Calleis Real Estate Private Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Awaiting price reaction for this filing.
Calleis Real Estate Private Limited, part of the promoter group, has submitted a declaration to NSE confirming that along with Persons Acting in Concert (PAC), they have not created any encumbrance (pledge/lien) on shares of Indiabulls Enterprises Limited during FY 2024-25. As on March 31, 2025, the promoter group's aggregate holding of 7,20,28,726 equity shares, representing 36.32% of the total paid-up and voting share capital, is completely free of any encumbrance. The declaration has also been simultaneously submitted to the Audit Committee of the Company as required under the regulations.
This is a positive signal for shareholders as it confirms that the entire promoter group stake of 36.32% is unpledged, eliminating any near-term risk of forced share sale due to margin calls. However, the promoter holding remains below 50%, which means the company does not have a controlling promoter.