The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Galax Minerals Pvt Ltd & PACs
IBULLSLTD · price
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Awaiting price reaction for this filing.
Galax Minerals Pvt Ltd, along with promoter Sameer Gehlaut and other Persons Acting in Concert (PACs), reported a change in their shareholding in Indiabulls Limited following a merger-driven share allotment. On November 4, 2025, Indiabulls allotted around 222.39 crore new equity shares of face value Rs. 2 each to shareholders of Dhani Services Limited and Indiabulls Enterprises Limited, under a Scheme of Arrangement approved by NCLT Chandigarh on August 29, 2025 (effective October 14, 2025). Consequently, the promoter group's combined stake rose passively from 27.46% (2.75 crore shares) to 32.84% (76.34 crore shares), an accretion of 5.38 percentage points. The total equity share capital of Indiabulls expanded sharply from about 10.04 crore shares to roughly 232.44 crore shares.
This is a passive, scheme-driven increase in promoter holding rather than an active market purchase, so there is no cash outflow or demand impact. Existing Indiabulls shareholders face significant dilution, but they now hold shares in a consolidated, restructured entity. No immediate stock price trigger expected from this filing alone.