The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Calleis Constructions Pvt Ltd & PACs
Awaiting price reaction for this filing.
Calleis Constructions Private Limited and its Persons Acting in Concert (PACs) disclosed an inter-se transfer of 2,16,00,000 equity shares (about 10.88% of paid-up capital) in Indiabulls Enterprises Ltd carried out on May 9, 2025. Inuus Developers (1.08 crore shares, 5.44%) and Valerian Real Estate (1.08 crore shares, 5.44%) received the shares, while Calleis Real Estate, Calleis Properties, and Powerscreen Media (54 lakh shares each, 2.72% each) were the transferors, along with Calleis Constructions itself selling its entire 54 lakh shares (2.72%). After netting acquisitions against transfers, the promoter group's combined holding remained unchanged at 7,20,28,726 shares (36.32% of paid-up capital). The move is described as an internal restructuring of promoter shareholding, done off-market between group entities, with no change in overall promoter ownership or control of the company.
No material impact on shareholders — this is purely a reshuffle of shares within the promoter group and does not change the total promoter stake (36.32%), voting control, or free float. The stock price is unlikely to react meaningfully since no new party entered or exited the shareholding.