SG Infralands Private Limited has significantly reduced its stake in Indiabulls Real Estate Limited through a series of open market transactions. The sales, which took place between September 27 and October 27, 2021, resulted in a substantial decrease in SG Infralands' shareholding in the target company.

Transaction Details

Key Points

• SG Infralands sold 12.00 million equity shares of Indiabulls Real Estate Limited.
• The transactions were conducted through open market sales over a one-month period.
• The sale reduced SG Infralands' individual shareholding from 3.17% to 0.53%.
• Before the transaction, SG Infralands and its persons acting in concert (PACs) collectively held a 7.05% stake.
• After the sale, their combined holding decreased to 4.41%.

Additional Information

• The persons acting in concert include Sameer Gehlaut and several infrastructure and media companies.
• Indiabulls Real Estate's equity share capital comprises 454.66 million shares with a face value of Rs. 2 each.

This significant reduction in stake by SG Infralands and its associated entities may have implications for the ownership structure of Indiabulls Real Estate Limited.

In a strategic move that underscores the dynamic nature of corporate structures, Embassy Group has completed an internal restructuring involving a significant portion of Indiabulls Real Estate Limited's equity shares. The transaction, which took place on October 4, 2021, involved the transfer of 6,30,95,240 shares through off-market transactions among Embassy Group entities.

Details of the Share Transfer

The restructuring process involved a two-step transfer of shares:

1. Initial transfer from Embassy Property Developments Private Limited to Nam Estates Private Limited
2. Immediate subsequent transfer from Nam Estates Private Limited to Embassy Realty Ventures Private Limited

This substantial block of shares represents:

• 13.88% of Indiabulls Real Estate's total share capital
• 13.83% of the company's diluted share capital

Significance of the Restructuring

It's important to note that this internal reorganization does not alter the overall shareholding of Embassy Group entities in Indiabulls Real Estate. The company emphasized that this was merely a transfer pursuant to internal restructuring among group companies.

Such internal restructurings are not uncommon in large corporate groups and can be undertaken for various reasons, including:

• Streamlining operations
• Optimizing tax structures
• Preparing for future corporate actions

Upcoming Financial Results

While not directly related to the share transfer, the LODR data reveals that Embassy Developments Limited (formerly known as Equinox India Developments Limited and earlier as Indiabulls Real Estate Limited) has scheduled a board meeting for November 6, 2025. The meeting agenda includes:

• Consideration and approval of unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2025
• The trading window for dealing in the company's securities will remain closed until November 9, 2025, in compliance with SEBI regulations

This upcoming board meeting suggests that the company continues to maintain transparency and adhere to regulatory requirements in its operations.

The internal restructuring of shares and the scheduled board meeting for financial results review demonstrate the ongoing corporate governance practices within the Embassy Group and its associated entities.