The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jyestha Infrastructure Pvt Ltd & PACs
IBULLSLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Jyestha Infrastructure Pvt Ltd along with its Persons Acting in Concert (PACs), including promoter Sameer Gehlaut and several promoter-group entities, have filed a SEBI SAST disclosure reporting an increase in their collective shareholding in Indiabulls Limited from 27.46% to 32.84%. The 5.38% increase came from the allotment of 73.58 crore new equity shares on November 4, 2025, issued under a court-approved Scheme of Arrangement that merged Dhani Services Limited and Indiabulls Enterprises Limited into Indiabulls Limited. As a result, Indiabulls' total paid-up equity capital jumped sharply from about 10.04 crore shares to 232.44 crore shares. The merger was approved by NCLT Chandigarh on August 29, 2025 and came into effect on October 14, 2025. The acquirer (Jyestha Infrastructure itself) holds nil shares; the entire change is through PACs.
The promoter group's stake has risen to nearly 33%, strengthening promoter control in the merged entity. For shareholders, this is a passive increase driven by a corporate restructuring rather than an open-market purchase, so it should not materially affect stock price. However, the massive expansion of share capital (over 23x) means per-share metrics like EPS and book value will be significantly diluted, which existing investors should factor into valuation.