Acquisitions28 Sept 2026, 05:43 pm
Indiabulls Ltd: Hermes Ltd Acquires Warrants via Preferential Allotment
AI Summary
Indiabulls Limited has disclosed an acquisition of 14,02,50,000 warrants by Hermes Limited through a preferential allotment on September 24, 2026. These warrants are convertible into an equivalent number of fully paid-up equity shares. The acquisition represents 4.89% of the total share capital. Following this, the total holding of Hermes Limited and Persons Acting in Concert (PACs) in Indiabulls Limited, including shares and warrants, stands at 32.87% of the paid-up equity shares and 39.45% of the total diluted capital.
Key Highlights
- Hermes Limited acquired 14,02,50,000 warrants via preferential allotment.
- The warrants are convertible into equity shares of Indiabulls Limited.
- This acquisition represents a 4.89% stake in the company's total share capital.
- Total holding of acquirer and PACs now stands at 32.87% of paid-up equity.
- The transaction is categorized as an acquisition of shares and voting rights.
Price Impact
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