Acquisitions29 Sept 2026, 11:35 am
Indiabulls Ltd: Hermes Ltd Acquires Warrants via Preferential Allotment
AI Summary
Indiabulls Limited has disclosed an acquisition by Hermes Limited and its Persons Acting in Concert (PACs) involving 14,02,50,000 Warrants via preferential allotment on September 24, 2026. These warrants are convertible into equity shares. The acquisition increases the total holding of Hermes Ltd & PACs to 39.45% of the total diluted share capital. The total equity share capital of Indiabulls Limited before the acquisition was Rs. 464,87,64,276/-, and after the acquisition, it stands at Rs. 466,44,08,604/-.
Key Highlights
- Hermes Ltd & PACs acquired 14,02,50,000 warrants via preferential allotment.
- The acquisition increases total holding to 39.45% of diluted share capital.
- The transaction involves warrants convertible into equity shares.
- The acquisition occurred on September 24, 2026.
Price Impact
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