The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sameer Gehlaut & PACs
IBULLSLTD · price
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Promoter Sameer Gehlaut, together with several Persons Acting in Concert (PACs), has reported an increase in shareholding in Indiabulls Limited from 27.46% to 32.84%, a rise of 5.38 percentage points. The increase happened through an allotment of equity shares on November 4, 2025, as per a Scheme of Arrangement that merged Dhani Services Limited and Indiabulls Enterprises Limited into Indiabulls Limited. The scheme was approved by the NCLT Chandigarh Bench on August 29, 2025, and came into effect on October 14, 2025. As part of the merger, the company issued roughly 222.39 crore new equity shares, raising its share capital from Rs. 20.08 crore to Rs. 464.87 crore. Sameer Gehlaut's personal holding moved from 0.15% to 4.35%, while the PAC group's holding shifted from 27.31% to 28.49%. No cash changed hands; this was a paper transaction where promoter holdings in the merged entities were converted into shares of Indiabulls Limited at approved share exchange ratios.
This is a structural, non-cash change linked to a court-approved merger rather than a fresh market purchase, so there is no direct buy or sell pressure on the stock. Shareholders should note that the promoter group's effective control has strengthened modestly to about one-third of the expanded equity base, and the合并 has substantially increased the share count, which may dilute per-share metrics going forward.