The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Karanbhumi Estates Pvt Ltd & PACs
IBULLSLTD · price
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Karanbhumi Estates Pvt Ltd and its Persons Acting in Concert (PACs), the promoter group of Indiabulls Ltd, filed a disclosure under SEBI's SAST Regulation 29(2) after their combined shareholding percentage changed from 27.46% to 32.84% in the company. The change is not due to any market purchase or sale but is a technical effect of the merger of Dhani Services Ltd and Indiabulls Enterprises Ltd into Indiabulls Ltd, which was approved by the NCLT Chandigarh Bench on August 29, 2025 and came into effect on October 14, 2025. On November 4, 2025, the company allotted 222.39 crore new equity shares of face value Rs 2 to shareholders of the merged entities, swelling the total share count from 10.04 crore to 232.44 crore shares. The PACs collectively received 73.58 crore of these newly allotted shares, raising their absolute share count, but the filing notes that the aggregate economic interest of the promoter group in the company remains the same because the same shares were previously held indirectly through Dhani Services and Indiabulls Enterprises.
This is a passive, merger-driven change and should not be read as a fresh promoter buying or confidence signal. No impact on stock price is expected from this disclosure alone, though the underlying merger and large share issuance (over 23x increase in share count) may have longer-term implications for liquidity and price discovery.