Sameer Gehlaut 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.

Promoter Below 50pctOwnership Changes View source PDF

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Sameer Gehlaut, promoter of Indiabulls Enterprises Limited, has filed a mandatory annual declaration under SEBI Takeover Regulations for FY 2024-25. He confirmed that neither he nor any Persons Acting in Concert (PAC) created any encumbrance (pledge, lien, or charge) on shares of the company during the year. The promoter group's entire holding of 36.32% of paid-up share capital remains completely free of any encumbrance.

Likely market impact

This is a routine regulatory filing providing comfort to shareholders that the promoter's 36.32% stake is unencumbered, meaning no shares are pledged with lenders. No material impact on stock price is expected as this is a confirmation of status quo rather than a new development.