Jyestha Infrastructure Private Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Awaiting price reaction for this filing.
Jyestha Infrastructure Private Limited, part of the promoter group of Indiabulls Enterprises Limited, filed a declaration with the stock exchanges under SEBI's Substantial Acquisition of Shares and Takeovers Regulations. The promoter group entity confirmed that it, along with Persons Acting in Concert (PAC), did not create any encumbrance on shares held in Indiabulls Enterprises during FY 2024-25. As of March 31, 2025, the promoter group holds 7,20,28,726 equity shares, representing 36.32% of the total paid-up and voting share capital. The entire promoter group stake is free of any encumbrance (i.e., no pledge, lien, or charge). The declaration was simultaneously submitted to the Audit Committee of the company's Board as required under the regulations.
This is a positive disclosure for shareholders — the promoter group's entire 36.32% stake is unpledged and unencumbered, which removes near-term concerns of forced selling or margin-call risks and signals stable promoter confidence in the company.