The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Calleis Infracon Pvt Ltd & PACs
IBULLSLTD · price
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Calleis Infracon Private Limited and its Persons Acting in Concert (PACs), which belong to the promoter group led by Sameer Gehlaut, have received equity shares of Indiabulls Limited (formerly Yaari Digital Integrated Services Limited) by way of allotment on November 4, 2025. The allotment happened under the Scheme of Arrangement approved by the NCLT Chandigarh Bench on August 29, 2025 (effective October 14, 2025), which merged Dhani Services Limited and Indiabulls Enterprises Limited into Indiabulls Limited. As a result, the combined promoter group holding increased from 2,75,77,640 shares (27.46%) to 76,33,94,153 shares (32.84%) of the expanded share capital. The total share capital of Indiabulls grew sharply from about 10.04 crore shares to about 232.44 crore shares following the merger.
The promoter group's stake has risen to 32.84%, consolidating their control in the merged entity, though the shareholders' base has expanded enormously due to the merger-driven share issuance. For retail investors, this signals a major corporate restructuring event with significant equity dilution, but the promoter family remains below the 50% majority threshold.