The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Valerian Real Estate Pvt Ltd & PACs
IBULLSLTD · price
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Valerian Real Estate Pvt Ltd and its Persons Acting in Concert (PACs), part of the promoter group led by Mr. Sameer Gehlaut, have disclosed an acquisition of equity shares in Indiabulls Ltd under Regulation 29(2) of SEBI Takeover Regulations. The acquisition happened on November 4, 2025, through allotment of 73,58,16,513 fully paid-up equity shares pursuant to a court-approved Scheme of Arrangement merging Dhani Services Ltd and Indiabulls Enterprises Ltd into Indiabulls Ltd. As a result, the combined promoter group holding increased from 27.46% (27,57,77,640 shares) to 32.84% (76,33,94,153 shares), a rise of about 5.38 percentage points. The total share capital of Indiabulls Ltd expanded massively from Rs. 20.08 crore to Rs. 464.87 crore due to the merger-driven allotment of over 222 crore new shares.
The promoter group's stake has risen meaningfully to 32.84%, strengthening their control over the company. However, this increase is entirely scheme-driven (merger-based) rather than through market purchases, so no fresh capital was deployed. Shareholders should note the substantial expansion of share capital, which causes dilution for existing holders, though it is offset by the value of merged entities coming into the listed company.