Promoter stake rises to 32.84 percent in Indiabulls after merger share allotment

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 Oct 14, 2025. On Nov 4, 2025, Indiabulls allotted 22.24 crore equity shares (face value Rs 2) to shareholders of the merged entities. Promoter group holding rose from 27.46 percent (2.76 crore shares) to 32.84 percent (76.34 crore shares). The acquisition is exempt from open offer under SEBI SAST Regulation 10(1)(d)(i).

Likely market impact

Promoter stake rises post merger allotment; no open offer triggered due to regulatory exemption under SEBI SAST rules.