Indiabulls promoter stake rises to 32.84% via merger scheme allotment

Promoter Stake BuyPromoter Below 50pctOwnership Changes View source PDF Explain this filing

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AI summary

On Nov 4, 2025, Indiabulls allotted about 222 crore new equity shares (face value Rs 2) to shareholders of Dhani Services and Indiabulls Enterprises, which merged into Indiabulls Ltd under an NCLT-approved scheme effective Oct 14, 2025. As a result, promoter group holding rose from 27.46% (2.75 crore shares) to 32.84% (76.33 crore shares), an increase of 5.38 percentage points. The acquisition is exempted from open offer under Regulation 10(1)(d)(i) of SEBI SAST rules.

Likely market impact

Promoter stake grew to 32.84% through non-cash scheme allotment, no open offer triggered. No direct cash impact; existing shareholders face dilution from new shares.