Please find attached Intimation pursuant to regulation 30 of SEBI (LODR) Regulations, 2015 regarding effectiveness of the Scheme of Arrangement and fixation of Record Date for issue of ....
Awaiting price reaction for this filing.
Indiabulls Enterprises Ltd (IEL) has announced that a comprehensive Scheme of Arrangement, approved by the NCLT Chandigarh Bench on August 29, 2025, has come into effect from October 14, 2025, with an appointed date of April 1, 2023. The scheme involves amalgamation of 17 companies (including listed entities IEL and Dhani Services Ltd) into Yaari Digital Integrated Services Ltd, along with demerger of the real estate business of India Land Hotels Mumbai Pvt Ltd into Indiabulls Pharmacare Ltd. The Board has fixed Tuesday, October 28, 2025 as the Record Date to determine eligible shareholders. Shareholders of IEL will receive 110 equity shares of Yaari (face value Rs. 2 each) for every 100 equity shares held in IEL (face value Rs. 2 each) as per the share exchange ratio. Consequent to the scheme becoming effective, IEL's equity shares will stand delisted from BSE and NSE.
IEL shareholders will automatically receive Yaari shares in the 110:100 ratio and IEL stock will be delisted from exchanges. Existing IEL investors effectively become shareholders of Yaari Digital, which will be the surviving listed entity post-restructuring.