The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Zwina Infrastructure Pvt Ltd & PACs
Awaiting price reaction for this filing.
Zwina Infrastructure Pvt Ltd transferred its entire 4,17,25,150 shares (21.04% stake) in Indiabulls Enterprises Ltd to two promoter group entities via inter-se off-market transfer on May 22, 2025. Inuus Developers Pvt Ltd received 2,08,62,575 shares (10.52%) and Valerian Real Estate Pvt Ltd received 2,08,62,575 shares (10.52%). After the transfer, Zwina Infrastructure holds 0% while the combined PACs holding remains at 36.32%. The total promoter group aggregate holding stays unchanged at 36.32% — this is purely an internal reshuffle among Sameer Gehlaut-controlled promoter entities for restructuring purposes.
No material impact on shareholders or stock price — the aggregate promoter stake remains the same and the transfer is between related promoter group companies. Existing ownership economics and control of the company are unaffected.