The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Calleis Properties Pvt Ltd & PACs
IBULLSLTD · price
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Calleis Properties Pvt Ltd and its Persons Acting in Concert (PACs), belonging to the promoter group led by Mr. Sameer Gehlaut, received 73.58 crore equity shares of Indiabulls Ltd on November 4, 2025, through an allotment pursuant to the merger of Dhani Services Ltd and Indiabulls Enterprises Ltd into Indiabulls Ltd. Their combined holding rose from 27.46% to 32.84%, a 5.38 percentage point increase. The allotment was part of a Scheme of Arrangement approved by the NCLAT Chandigarh Bench on August 29, 2025. As a result, Indiabulls' total share capital expanded massively from 10.04 crore shares to 232.44 crore shares (a roughly 23-fold increase). No shares were encumbered and the disclosure is filed to report the passive change in percentage due to the corporate action.
This is not a fresh market purchase by promoters but a passive increase caused by the merger scheme — existing shareholders of the merged entities simply received Indiabulls shares in exchange. Promoter/PAC group remains well below the 50% takeover trigger threshold, so there is no immediate governance or open-offer concern for retail shareholders.