Acquisitions28 Sept 2026, 05:44 pm
Indiabulls Ltd: Phanes Ltd Acquires Warrants via Preferential Allotment
AI Summary
Indiabulls Limited has received a disclosure under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from Phanes Ltd and its Persons Acting in Concert (PACs). Phanes Ltd acquired 22,52,50,000 warrants 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 a significant stake, with Phanes Ltd's total holding (including PACs) post-acquisition reaching 39.45% of the diluted share capital. The total equity share capital of Indiabulls Limited before the acquisition was Rs. 464.87 crore, increasing to Rs. 466.44 crore after the transaction.
Key Highlights
- Phanes Ltd acquired 22,52,50,000 warrants via preferential allotment.
- The acquisition increases Phanes Ltd & PACs' total diluted holding to 39.45%.
- The transaction involves warrants convertible into equity shares.
- This disclosure is made under SEBI (SAST) Regulations, 2011.
- The acquisition occurred on September 24, 2026.
Price Impact
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