The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Inuus Developers Pvt Ltd & Others
Awaiting price reaction for this filing.
Indiabulls Enterprises Ltd informed stock exchanges about an internal restructuring within the promoter group on May 9, 2025. An aggregate of 2.16 crore equity shares, representing 10.88% of paid-up share capital, were transferred at INR 14.26 per share (NSE closing price on the transaction date). Two acquirers — Inuus Developers Pvt Ltd and Valerian Real Estate Pvt Ltd, both 100% owned by promoter Mr. Sameer Gehlaut — each received 1.08 crore shares (5.44% stake) from four seller entities within the promoter group (Calleis Constructions, Calleis Real Estate, Calleis Properties, and Powerscreen Media). The sellers' holdings were reduced to nil post-transaction. The transfer qualifies for exemption from open offer under Regulation 10(1)(a)(ii) of SEBI SAST Regulations as an inter-se promoter group transfer.
No change in ultimate promoter control or total promoter shareholding — this is a reshuffling of shares within Mr. Sameer Gehlaut's group entities. Minority shareholders are unaffected and no open offer obligation is triggered. The stock price is unlikely to see any material impact from this purely administrative restructuring.