The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Calleis Infracon Pvt Ltd & PACs
IBULLSLTD · price
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Indiabulls Limited's promoter group entity Calleis Infracon Pvt Ltd, along with 13 persons acting in concert (PACs) led by Mr. Sameer Gehlaut, has filed a disclosure under SEBI Takeover Regulations regarding acquisition of shares by way of allotment. The shares were allotted on November 4, 2025, pursuant to the merger of Dhani Services Limited and Indiabulls Enterprises Limited into Indiabulls Limited, as approved by NCLT Chandigarh on August 29, 2025. The combined promoter group holding increased from 27.46% (2.75 crore shares) to 32.84% (76.33 crore shares) after receiving 73.58 crore new equity shares. The company's total equity share capital expanded from 10.04 crore shares to 232.44 crore shares, with 222.39 crore new shares issued to shareholders of the merged entities.
This is an automatic increase in promoter shareholding resulting from the previously approved merger, not a market purchase, so no open offer is triggered. Shareholders should note the substantial expansion of the capital base (over 23x), which dilutes per-share metrics proportionally, and the promoter group's increased but still below-50% controlling stake of 32.84%.