Merger of Dhani Services and Indiabulls Enterprises into Indiabulls Limited complete

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

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AI summary

NCLT Chandigarh approved merger of Dhani Services and Indiabulls Enterprises into Indiabulls Limited (formerly Yaari Digital), effective October 14, 2025. On November 4, 2025, Indiabulls allotted 22.24 crore equity shares (face value Rs 2) to merged entity shareholders per approved share exchange ratio. Promoter group holding rose from 27.46 percent (2.76 crore shares) to 32.84 percent (76.34 crore shares) post-allotment. Filed under SEBI SAST Regulation 10(6) with exemption from open offer under 10(1)(d)(i). Post-allotment share capital stands at 232.44 crore shares.

Likely market impact

Merger complete, shares allotted per approved ratio. Promoter stake rose to 32.84 percent; open offer exempt. Reflects share dilution from enlarged capital base.