The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Zwina Infrastructure Pvt Ltd & PACs
IBULLSLTD · price
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Zwina Infrastructure Pvt Ltd along with Persons Acting in Concert (PACs) including Mr. Sameer Gehlaut and several promoter-group entities disclosed a change in their shareholding in Indiabulls Ltd under SEBI Takeover Regulations. The change was triggered by the merger of Dhani Services Ltd and Indiabulls Enterprises Ltd into Indiabulls Ltd, approved by NCLT Chandigarh on August 29, 2025. On November 4, 2025, the company allotted 222.39 crore new equity shares of Rs 2 each to shareholders of the merged entities. As a result, the promoter group's aggregate holding rose from 2.75 crore shares (27.46%) to 76.34 crore shares (32.84%), an increase of 5.38 percentage points. The company's total share capital expanded sharply from 10.04 crore shares to 232.44 crore shares.
The promoter group's stake has strengthened to nearly 33% via a non-cash, scheme-driven allotment — no open-market buying involved. Shareholders should note the ~23x expansion in share count, which may dilute EPS and alter per-share metrics going forward.