Inuus Developers Private Limited, Valerian Real Estate Private Limited has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011.
Awaiting price reaction for this filing.
Indiabulls Enterprises Limited informed the exchanges about a promoter group internal restructuring of shareholding. An aggregate of 2,16,00,000 equity shares (10.88% of paid-up capital) were transferred on May 9, 2025, between promoter group entities, all ultimately controlled by promoter Mr. Sameer Gehlaut. Two acquirer entities — Inuus Developers Private Limited and Valerian Real Estate Private Limited — each acquired 1,08,00,000 shares (5.44% each) from four transferor entities (Calleis Constructions, Calleis Real Estate, Calleis Properties, and Powerscreen Media). The transfer was done at INR 14.26 per share, the NSE closing price on the transaction date. No open offer is required as the exemption under Regulation 10(1)(a)(ii) applies for inter-promoter group transfers.
This is an internal reshuffling within the promoter group with no change in ultimate promoter control, so it is largely neutral for shareholders. It signals promoter-level portfolio reorganisation but does not affect the total promoter stake in the company.