ACM Global Fund VCC reduced its shareholding in Indiabulls Limited by selling 47,159,801 shares on July 7, 2026. The transaction, executed via the open market, represented a disposal of 2.03% of the company's total paid-up equity capital. Consequently, the fund's stake in Indiabulls Limited decreased from 6.56% to 4.53%.

The disclosure was submitted to the stock exchanges under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Prior to the sale, ACM Global Fund VCC held 152,574,000 shares carrying voting rights. Post-transaction, the entity retains 105,414,199 shares. The fund clarified that it does not belong to the promoter or promoter group of the target company.

The total paid-up equity capital of Indiabulls Limited stands at 2,329,543,602 shares. The diluted share capital, accounting for outstanding ESOPs assuming full conversion, is reported at 2,354,382,138 equity shares. The sale did not involve any shares encumbered with pledges, liens, or non-disposal undertakings, nor did it involve the acquisition or disposal of warrants or other convertible securities.

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The transaction was signed by an authorised signatory on behalf of ACM Global Fund VCC in Singapore on July 9, 2026. The filing was addressed to the Corporate Relationship Department of BSE Limited.

Galax Minerals Private Limited, along with Persons Acting in Concert (PAC), has confirmed that no encumbrance was created on shares held in Indiabulls Limited during the financial year 2025-26. The declaration, submitted to BSE Limited and National Stock Exchange of India Limited, confirms that the promoter group's substantial shareholding remains unencumbered as of March 31, 2026, signaling stability in the promoters' holding structure.

As on March 31, 2026, the aggregate holding of the Promoter Group in the Target Company stood at 76,43,94,150 fully paid-up equity shares. This stake represents 32.88% of the total paid-up and voting share capital of Indiabulls Limited. The disclosure ensures that the pledged status of these shares, which is a key indicator of financial stress for promoters, remains nil.

The declaration was submitted pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to disclose any encumbrance created on the shares of the target company during a financial year. The confirmation was signed by Ravinder, Authorised Signatory of Galax Minerals Private Limited.

In addition to the stock exchanges, a copy of this declaration has been simultaneously forwarded to the Audit Committee of the Board of Indiabulls Limited. This step is in compliance with Regulation 31(5)(b) of the Regulations, which mandates that such disclosures be made to the audit committee for their records and information.

Shareholding Details