Merger scheme approved; Yaari to be renamed Indiabulls Limited

Listed Co AcquisitionDemerger Ratio AnnouncedNclt Scheme FiledStrategic Transactions View source PDF Explain this filing

IBULLSLTD · price

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Price reactionminutes from the announcement price · days from the prior close

+7.0%Reaction day

₹17.39

prior close

₹17.73

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.0%+6.0% vs market

On the reaction day the stock moved 6.0 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.0

10m

-1.3

15m

-1.3

30m

-0.2

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

+7.0+1.0+6.0

Next day

+5.6+1.5+4.1

+2.5+1.0+1.5

+6.9+2.0+4.9

+7.0+3.1+3.9

+7.5+2.6+4.9

+2.6+2.7-0.0

15d

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+20.9+2.5+18.4

+6.6-2.9+9.5

-24.8-6.3-18.5

UpDownMarket · Nifty Microcap 250Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Company tribunal approved the scheme, effective 14 October 2025. Yaari will be renamed Indiabulls Limited. Record date: 28 October 2025. Dhani Services and Indiabulls Enterprises merge into Yaari. Ratios per 100 shares unless stated: 294 Yaari for Dhani, 162 for partly paid Dhani, 110 for Indiabulls Enterprises and 322 per India Land Hotels share. India Land Hotels' real estate business moves to a Yaari subsidiary. Net worth is about Rs 2,500 crore.

Likely market impact

Share issuance may dilute existing Yaari holders as the group gains Dhani and other businesses. New shares rank equally with existing shares.