Indiabulls promoters get 22.23 crore shares under Dhani and Indiabulls Enterprises merger

Listed Co AcquisitionNclt Scheme FiledStrategic Transactions View source PDF Explain this filing

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AI summary

NCLT Chandigarh approved the merger of Dhani Services and Indiabulls Enterprises into Indiabulls Limited, effective October 14, 2025. Pursuant to this scheme, Indiabulls allotted 22.23 crore equity shares of Rs 2 face value to shareholders of the merged entities on November 4, 2025. Promoter group shareholding rose from 27.46% to 32.84%, equating to 76.34 crore shares. The acquirers are exempt from making an open offer under Regulation 10(1)(d)(i).

Likely market impact

Promoter group holding jumps to 32.84 percent via scheme allotment; paid-up capital expands to 232.44 crore shares. No open offer triggered.