IEL scheme effective; 110 Yaari shares for every 100 IEL shares

The court-approved scheme became effective on October 14, 2025, with effect from April 1, 2023. Eligible Indiabulls Enterprises shareholders will receive 110 fully paid Yaari shares of Rs 2 each for every 100 IEL shares of Rs 2 each. October 28, 2025 is the record date. The scheme merges IEL and Dhani Services into Yaari and demerges the real estate business of India Land Hotels into Indiabulls Pharmacare. IEL shares will be delisted.