Indiabulls Real Estate

Indiabulls Real Estate to merge with certain Embassy Properties:


On 31st January 2020, the board of Indiabulls Real Estate  in-principally approved the proposal of the merger of certain ongoing, completed and planned residential and commercial projects of Embassy Property Developments Private Limited with IBREL. 


Embassy is in discussions with financial investors such as The Blackstone Group Inc. and others to raise up to $200 million before the Merger. This equity investment of USD 200 million will bring significant cash in the merged entity i.e. IBREL + Embassy.


Under the proposed Merger, certain ongoing, completed and planned residential and commercial projects of Embassy will get merged and stand transferred to IBREL. Some of Embassy assets are presently owned by entities managed and controlled by it jointly with Blackstone, for which it is in discussions with Blackstone to contribute such assets as part of the merger transaction. 


Under the proposed Merger, IBREL will issue its equity shares of face value of INR 2 each to the shareholders of Embassy, in accordance with the swap ratio as would be approved by the Board of both the Companies, resulting into the following shareholders segment in the Merged IBREL, post effectiveness of the proposed Merger: 

(i) IBREL’s existing shareholders 

(ii) Embassy shareholders’ i.e. Embassy promoters, Blackstone / financial investor(s) etc. 


The proposed Merger is aimed to be achieved through a cashless scheme of amalgamation.

Current Financial Position of Indiabulls Real Estate:


CMP (07/02/2020): Rs 92.5

Face Vale: Rs 2

Market Cap: Rs 4205 Crores 

52 Week High /Low: Rs 151/38

Promoter’s Holding: 23.38%


Embassy Property Developments Pvt. Ltd. holds 13.89% of the Company 



Year Equity Capital Net Worth Long Term Debt Short Term Debt Total Sales PAT BV EPS P/E P/BV
Rs Cr. Rs Cr. Rs Cr. Rs Cr. Rs Cr. Rs Cr. Rs. Rs
H1 20 90.93 3546 1478 2820 1971 181 78.0 4.0 23.2 1.2
FY 19 90.13 3998 3405 1015 5222 504 88.7 11.2


Post Merger Equity Position:


Proposed Investment Amount: $ 200 million or Approximately over Rs 1400 crores. By issuing fresh capital the intent is to transfer the management of the company to Embassy allowing Sameer Gehlaut to reduce his stake and allow him to conduct business in the financial services space.


Daily Bulletin (7th February, 2020)

1.Scrip code : 506414
Subject : Fermenta Biotech Limited (Formerly Known As DIL Limited) – Publication Of Notice Of Revised Record Date – February 14, 2020
Pursuant to Regulation 47 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in continuation to our intimation given vide our letter dated February 05, 2020 (sent through BSE website) regarding ‘Revised Record Date’ for proposed issue of 1,96,20,658 Bonus Equity Shares of Rs. 5 each of the Company, we are enclosing herewith photocopy of the newspaper publication published in Business Standard, Mumbai (English version) on page no. 5 and Sakal, Mumbai (Marathi version) on page no. 6 dated February 07, 2020 your reference and record.

2.Scrip code : 532937
Name : Kuantum Papers Limited
Subject : Corporate Action-Intimation of Sub division / Stock Split
Further to our notice dated 29.01.2020, pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirement) Regulations 2015, it was informed to the exchanges that the next meeting of Audit Committee and Board of Directors of the Company will be held on Wednesday, the 12th February, 2020 at Chandigarh, inter alia, to review and approve the Unaudited Financial Results for the quarter and nine months period ended 31st December, 2019, it is also intimated that the board would also consider the proposal of sub-division of equity shares of the Company subject to the approval of the Shareholders in the Extra Ordinary General Meeting the date of which would be decided by the board in the said meeting.

3.Scrip code : 532454
Name : Bharti Airtel Ltd.
Subject : Update On Scheme Of Arrangement(S) W.R.T. Demerger Of Consumer Mobile Businesses Of Tata Teleservices (Maharashtra) Limited (‘TTML’) And Tata Teleservices Limited (‘TTSL’) Into Bharti Airtel Limited (‘Airtel’) And Bharti Hexacom Limited
In furtherance to our previous intimations dated July 01, 2019, we wish to inform you that the Department of Telecommunications vide its letters dated February 06, 2020 has conveyed to the company that the schemes of arrangement w.r.t. demerger of consumer mobile business of Tata Teleservices (Maharashtra) Limited and Tata Teleservices Limited have been taken on record. Kindly take the same on record.

4.Scrip code : 532659
Subject : Merger IDFC Alternatives Limited, IDFC Trustee Company Limited And IDFC Projects Limited (Wholly Owned Subsidiary Companies) Into IDFC Limited (Holding Company)
This is to inform you that the Board of Directors (‘the Board’) of IDFC Limited (‘the Company’) at its meeting held on February 06, 2020, as part of simplification of corporate structure, have considered and approved the merger IDFC Alternatives Limited, IDFC Trustee Company Limited and IDFC Projects Limited (wholly owned subsidiary companies) into IDFC Limited (Holding Company) subject to regulatory approvals from various authorities, as applicable. In this connection, please find enclosed herewith disclosure under regulation 30 in terms of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 as Annexure 1. Request you to take the aforesaid on record.

5.Scrip code : 532523
Name : Biocon Ltd.
Subject : Amalgamation Of Biocon Research Limited (“BRL”) With Biocon Biologics India Limited (“BBIL”).
Pursuant to the Regulation 30 of SEBI Listing Regulation, we. wish to inform you that the Bengaluru Bench of National Company Law Tribunal (“NCLT”) has sanctioned the Scheme of Amalgamation of Biocon Research Limited (“Transferor Company”) with Biocon Biologics tndia Limited (“Transferee Company”) and their respective Shareholders. The Transferor and Transferee Company both are sub-sidiaries of Biocon Limited. The Certified Copy of this Order sanctioning the Scheme has been filed with the Registrar of Companies (“ROC”), Bengaluru, Karnataka on February 7, 2020.

6.Scrip code : 500477
Name : Ashok Leyland Ltd.
Subject : Announcement under Regulation 30 (LODR)-Acquisition
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we wish to inform you that the Company along with other investors has entered into a Supplemental Share Purchase Agreement with Everfin Holdings, shareholder of Hinduja Leyland Finance Limited (‘HLFL’), for agreeing to acquire collectively, 3,28,14,401 shares of Rs.10/- each (constituting 7% in the paid-up share capital of HLFL) at an agreed price of Rs.119/- per share. The agreement to acquire the equity shares of HLFL has been spread over a period of 9 months in various tranches. As and when the Company acquires any tranche(s) and if the said acquisition exceeds 2% or more of the equity shares of HLFL, the Company will inform the stock exchanges. The details required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 are given as an annexure. We request you to kindly take the above information on record.

7.Scrip code : 542399
Name : Chalet Hotels Limited
Subject: Announcement under Regulation 30 (LODR)-Updates on Acquisition
With reference to above and further to our letters dated 17.01.20 and 03.02.20(enclosed) and in compliance with Reg 30 of Listing Regulations, and pursuant to the Share Purchase Agreement (the “SPA”) as referred to in our above referred communication dated 17.01.20 we hereby inform that (a) the existing shareholders of Seapearl Hotels Pvt Ltd (“SHPL”) have transferred 100% of the equity shares & 100% of zero coupon fully and compulsorily convertible debentures in SHPL to the Company, and (b)the Company has paid the complete cash consideration (with adjustments as agreed in the SPA) of Rs.574.68 Mn, for the acquisition of 100% equity shares & 100% of zero coupon fully and compulsorily convertible debentures of SHPL. Consequent to above, SHPL has become a wholly owned subsidiary of the Company. The details as reqd under LODR read with SEBI Circular No CIR/CFD/CMD/4/2015 dated 09.09.2015 with respect Acquisition of SHPL have already been submitted vide our above referred letter.

8.Scrip code : 541336
Name : IndoStar Capital Finance Limited
Subject : Announcement under Regulation 30 (LODR)-Open Offer – Updates
Please find attached herewith Detailed Public Statement dated 06 February 2020 for open offer by BCP V Multiple Holdings Pte. Ltd. (‘Acquirer’), together with Brookfield Business Partners L.P. in its capacity as a person acting in concert with the Acquirer, for acquisition of up to 3,71,95,411 equity shares from the Public Shareholders of the Company, received by the Company from Nomura Financial Advisory and Securities (India) Private Limited, Manager to the Open Offer. Request you to kindly take the above on record and disseminate the same on your website.

9.Scrip code : 532531
Subject : Announcement under Regulation 30 (LODR)-Press Release / Media Release
Strides to acquire 18 ANDAs from Pharmaceutics International, Inc.

10.Scrip code : 541701
Name : Supershakti Metaliks Limited
Subject : Announcement under Regulation 30 (LODR)-Acquisition
Dear Sir/Madam, The Board in its meeting held today has discussed the issue of further expansion in Greenfield or brown field project in line with existing manufacturing activities and discussed the status of application made for environment clearance ,After deliberations the Board observed that as Environment clearance will take some more time the company may go for strategic investment in this regard and after discussion it was decided to give in principal approval for acquiring stake in a promoter backed company Giridhan Metal Private Limited subject to further due diligence. Any further material development in this regard shall be communicated to the exchange accordingly. The meeting commenced at 3 P.M and concluded at 3.30 P.M Kindly take the above information on records.

11.Scrip code : 503169
Name : Ruby Mills Ltd.
Subject : Board Meeting Intimation for Intimation Of Board Meeting To Consider And Approve Un-Audited Financial Results And Limited Review Report Thereon For The Quarter Ended December 31, 2019.
RUBY MILLS LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/02/2020 ,inter alia, to consider and approve In compliance with Regulation 29 of the Securities Exchange and Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that Meeting of Board of Directors of the Company is scheduled to be held on February 13, 2020 (Thursday), inter alia, to consider and approve Un-Audited Financial Results of the Company for the quarter ended December 31, 2019. We further inform you that, the trading window for dealing in securities of the Company is already being closed and the intimation of the same is given to BSE and NSE by the Company and shall remain closed till 48 hours after the declaration of Un-audited Financial Results with Limited Review Report thereon for the quarter ended December 31, 2019 in compliance with SEBI (Prohibition of Insider trading) Regulations 2015.

12.Scrip code : 500770
Name : Tata Chemicals Ltd
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
This is in furtherance to our letter dated January 10, 2020, wherein we had intimated that the Scheme has been approved by the Hon’ble National Company Law Tribunal (‘NCLT’), Mumbai Bench, vide its Order dated January 10, 2020 and NCLT, Kolkata Bench, vide its Order dated, January 8, 2020. We wish to inform that the Company and TGBL have both filed the Certified Copy of the respective NCLT Orders sanctioning the Scheme with the respective jurisdictional Registrar of Companies today i.e. on February 7, 2020 (Effective Date). The Appointed Date of the Scheme is April 1, 2019.

13.Scrip code : 532540
Name : Tata Consultancy Services Ltd.
Subject : Announcement under Regulation 30 (LODR)-Press Release / Media Release
Coop Sweden Partners with TCS to Accelerate its Digital Transformation Program

14.Scrip code : 532555
Name : NTPC Limited
Subject : Outcome Of Board Meeting Held On 07.02.2020
In continuation of our letter of even no. dated 28.01.2020 and 07.02.2020, this is to inform you that the Board, in its Meeting held on 07.02.2020, has not considered the payment of interim dividend on the equity share capital of the Company for the year 2019-20. Further, record date earlier intimated as Monday, February 17, 2020 may be treated as cancelled.