The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Inuus Developers Pvt Ltd & PACs
IBULLSLTD · price
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Indiabulls Ltd's promoter group, led by Inuus Developers Pvt Ltd along with Sameer Gehlaut and other PACs, has disclosed an acquisition of shares under SEBI Takeover Regulations. The acquisition happened on November 4, 2025, through an allotment of equity shares pursuant to a Scheme of Arrangement involving the merger of Dhani Services Ltd and Indiabulls Enterprises Ltd into Indiabulls Ltd. The combined promoter group holding rose from 27.46% to 32.84% of the expanded share capital. Inuus Developers received 45.84 crore shares (19.72%), while PACs received an additional 27.74 crore shares. The company's total equity shares grew sharply from about 10 crore to about 232 crore due to the merger.
The promoter group's stake has strengthened to 32.84%, giving them firmer control over the merged entity, but the increase comes from a court-approved merger rather than open market purchases, so no open offer obligation is triggered for minority shareholders.