The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Powerscreen Media Pvt Ltd & PACs
IBULLSLTD · price
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Awaiting price reaction for this filing.
Powerscreen Media Private Limited, part of the promoter group led by Sameer Gehlaut, filed a SEBI SAST disclosure for a change in their concert-group shareholding in Indiabulls Limited. The change is not a market purchase — it arose passively because Indiabulls allotted 222.39 crore new equity shares on November 4, 2025, to shareholders of Dhani Services Limited and Indiabulls Enterprises Limited as part of an NCLT-approved merger scheme. As a result, the promoter group's combined holding rose from 27.46% to 32.84%, a jump of 5.38 percentage points. The total share capital of Indiabulls expanded massively from about 10.04 crore shares to 232.44 crore shares. No encumbrance, pledge, or voting-rights (non-equity) changes are involved.
This is a passive stake increase for the promoter group — they received more shares as existing shareholders of the merged entities, not by buying stock in the market. Existing public shareholders face significant dilution (the share base grew over 23x), but the promoter group has consolidated their relative position to nearly 33%, strengthening their grip while still remaining well below the 50% control threshold.