The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Valerian Real Estate Pvt Ltd & PACs
Awaiting price reaction for this filing.
Indiabulls Enterprises Ltd's promoter group carried out an internal restructuring on May 9, 2025, transferring 2.16 crore equity shares off-market among promoter entities. Shares were moved from four Calleis/Powerscreen entities into Inuus Developers Private Limited and Valerian Real Estate Private Limited. Before the transfer, Valerian held 0% and PACs held 36.32% (7.20 crore shares); after the transfer, Valerian holds 5.44% (1.08 crore shares) and PACs hold 30.88% (6.12 crore shares). The aggregate promoter group holding remains unchanged at 36.32% of the company's paid-up equity capital (Rs. 39.67 crore, face value Rs. 2). The disclosure was filed under Regulation 29(2) of the SEBI Takeover Regulations.
This is a routine internal reshuffle within the promoter group with no change in total promoter ownership, so it is neutral for minority shareholders and unlikely to move the stock price. The promoter group continues to hold 36.32%, well below 50%, which keeps Indiabulls Enterprises technically a non-promoter-controlled company from a majority-stake perspective.