Please find attached Intimation pursuant to Regulation30 of SEBI (LODR) Regulations, 2015 regarding effectiveness of the Scheme of Arrangement and fixation of Record Date for issue of Shares ....
Awaiting price reaction for this filing.
The composite Scheme of Arrangement involving Indiabulls Enterprises Ltd (IEL) and 19 other group companies has become effective on October 14, 2025, with the appointed date set as April 1, 2023. The scheme, approved by NCLT Chandigarh Bench, merges multiple Indiabulls group entities (including Dhani Services, IEL, and several pharma, real estate, and insurance subsidiaries) into Yaari Digital Integrated Services Ltd. Additionally, the real estate business of India Land Hotels Mumbai Pvt Ltd is being demerged into Indiabulls Pharmacare Ltd. The Board has fixed Tuesday, October 28, 2025 as the Record Date. The share exchange ratio is 110 equity shares of Yaari (face value Rs 2) for every 100 equity shares of IEL (face value Rs 2). New Yaari shares will be listed on BSE and NSE.
IEL shareholders will receive Yaari Digital shares in lieu of their IEL holdings at the announced swap ratio. As a consequence, IEL equity shares will stand delisted from the stock exchanges — shareholders effectively transition from being shareholders of a delisted entity to shareholders of the listed Yaari Digital.