Indiabulls Ltd: Phanes Ltd Acquires Warrants via Preferential Allotment

Indiabulls Limited has received a disclosure under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, detailing an acquisition by Phanes Ltd and Persons Acting in Concert (PACs). Phanes Ltd acquired 22,52,50,000 Warrants via 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, increasing the total holding of Phanes Ltd & PACs. The transaction involves a preferential allotment of convertible warrants.