Dhani scheme approved; Yaari exchange ratio fixed ahead of Dhani delisting

India's company law tribunal approved Dhani's composite scheme, effective October 14, 2025 and deemed effective April 1, 2023. Dhani and Indiabulls Enterprises will merge into Yaari Digital Integrated Services, while India Land Hotels' real estate business moves to Indiabulls Pharmacare. Record date: October 28. The ratio is 294 Yaari shares per 100 fully paid Dhani shares, or 162 per 100 partly paid shares. Dhani shares will be delisted.