Promoter group Hermes Ltd and PACs acquire 14 cr warrants via preferential allotment
IBULLSLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.4 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Promoter group entity Hermes Limited (Jersey) and PACs including Sameer Gehlaut received 14.02 crore and 22.52 crore convertible warrants respectively via preferential allotment on Sep 24, 2026. Each warrant converts into one equity share of Rs 2 face value. PACs paid-up holding stays at 32.87 percent of capital, while fully diluted stake rises to 39.45 percent assuming full warrant conversion. Total diluted capital of Indiabulls rises to about Rs 574 crore.
Promoter group stake to rise to about 39.45 percent diluted on conversion, signalling promoter confidence but also future equity dilution for non-promoter shareholders.