Merger of Indiabulls Enterprises with Yaari Digital Integrated Services

A new chapter begins for Indiabulls Investors. Indiabulls Enterprises Ltd (IEL) is all set to merge with Yaari Digital Integrated Services Ltd (YAARI) after getting the green light from the NCLT, Chandigarh Bench.

This merger is aimed at simplifying operations, improving efficiency, and unlocking better business synergies between the two companies. 

Key Highlights 

• Share exchange ratio: Under the swap ratio, IEL shareholders will get 110 equity shares of Yaari Digital Integrated Services Limited for every 100 equity shares of Indiabulls Enterprises Limited (face value ₹2 each).
• Record date: October 28, 2025 — shareholders holding Indiabulls Enterprises Ltd shares as of that date will be eligible for the share swap. 
• Delisting date: October 28, 2025 — trading in IEL shares will be suspended from Oct 28, ahead of the amalgamation, and its stock will be delisted from the exchanges. 
• Purpose: To combine the operations of Indiabulls Enterprises Ltd with Yaari Digital Integrated Services Ltd to form a stronger and more efficient business. 
   

What Does It Means for Indiabulls Shareholders?

Here’s how your shareholding will change:  

The new equity shares of Yaari will be: 

• Issued in dematerialized form
• Submitted for listing on BSE & NSE
• Rank pari-passu with existing Yaari shares 

So, if you hold shares of Indiabulls Enterprises Ltd as on the record date (October 28, 2025), you’ll automatically receive the new shares of Yaari Digital Integrated Services Ltd based on the above swap ratio. And trading in Indiabulls Enterprises Ltd shares will be suspended on the same date due to the merger.

After the merger process, Yaari Digital Integrated Services Ltd will continue as the surviving entity and its name will later be changed to Indiabulls Limited.