The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Valerian Real Estate Pvt Ltd & PACs
Awaiting price reaction for this filing.
Valerian Real Estate Pvt Ltd, part of the promoter group of Indiabulls Enterprises Ltd, acquired 1,08,00,000 shares (5.44% of total equity capital) through an off-market inter-se transfer on May 9, 2025. The shares were transferred from four other promoter-group entities — Calleis Constructions, Calleis Real Estate, Calleis Properties, and Powerscreen Media — each contributing 54,00,000 shares. Valerian's holding went from nil to 5.44%, while the other promoter-group PACs together reduced from 7,20,28,726 shares to 6,12,28,726 shares. The total promoter-group holding remains unchanged at 7,20,28,726 shares (36.32%) before and after the transfer. The company has a total equity capital of 19,83,36,997 shares of Rs. 2 face value.
This is purely an internal reshuffle within the promoter group to restructure existing shareholding. There is no change in total promoter ownership (still 36.32%), no change in voting control, and no impact on minority shareholders or the stock price.