Indiabulls shareholders and shareholding pattern

NSE: IBULLSLTDBSE: 533520Commercial Services & SuppliesSmall Cap

Indiabulls Limited · Formerly Yaari Digital Integrated Services · Face value ₹2 · Listed Aug 2011

₹30.17₹1.47 (4.65%)BSE ₹30.26

Share price at the NSE close on 30 Oct 2026. Previous close ₹31.64.

30 Oct: open ₹31.55, high ₹31.76, low ₹30.00

52-week range of traded prices to 30 Oct 2026

₹8.90Low, 9 Mar 2026₹38.89High, 8 Oct 2026

Market cap: ₹7,036 Cr910th largest listed
P/E: 16.79
P/E without one-offs: 14.54
P/B: 2.28
Dividend yield: Nonein the last 12 months
ROE: 13.6%
ROE without one-offs: 15.7%
ROCE: 10.7%
Debt to equity: 0.15
Volume, NSE: 1,06,87,68666.0% delivered

Indiabulls' shareholding pattern for Sep 2026, filed on 21 Oct 2026, with every filing from Dec 2016: who owns its shares by group, its promoters by name and its public holders of 1% or more.

Who owns Indiabulls, filing by filing

Per cent of the company's shares.

Sep 2026 filing

Promoters32.87%
Foreign institutions13.42%
Indian institutions0.11%
GovernmentsNone
Individuals and others51.20%
Employee trusts2.39%

Shareholding pattern, per cent, from Sep 2022

Promoters
Foreign institutions
Indian institutions
Governments
Individuals and others
Employee trusts

Per cent	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	30.45%	33.59%	33.59%	33.59%	33.59%	38.55%	43.25%	43.25%	43.25%	43.25%	43.25%	43.25%	43.25%	43.25%	43.25%	43.25%	43.25%	43.25%	43.25%	43.25%	43.25%	43.25%	43.25%	38.46%	27.46%	27.46%	27.46%	27.46%	27.46%	27.46%	27.46%	27.46%	27.46%	27.46%	27.46%	27.46%	32.89%	32.89%	32.91%	32.87%
Indian promoters	30.45%	33.59%	33.59%	33.59%	33.59%	38.55%	43.25%	43.25%	43.25%	43.25%	43.25%	43.25%	43.25%	43.25%	43.25%	43.25%	43.25%	43.25%	43.25%	43.25%	43.25%	43.25%	43.25%	38.46%	27.46%	27.46%	27.46%	27.46%	27.46%	27.46%	27.46%	27.46%	27.31%	27.31%	27.31%	27.31%	28.54%	28.54%	28.57%	28.54%
Foreign promoters	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.15%	0.15%	0.15%	0.15%	4.35%	4.35%	4.34%	4.33%
	69.55%	66.41%	66.41%	66.41%	66.41%	61.45%	56.75%	56.75%	56.75%	56.75%	56.75%	56.75%	56.75%	56.75%	56.75%	56.75%	56.75%	54.79%	54.79%	54.79%	54.79%	54.79%	54.79%	59.79%	70.80%	70.80%	70.80%	70.80%	70.80%	70.80%	70.80%	70.80%	70.80%	70.80%	70.80%	70.80%	63.20%	63.20%	63.18%	64.73%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	12.76%	12.13%	11.73%	11.66%	10.48%	9.15%	9.06%	8.47%	Under 0.01%	0.01%	0.50%	0.53%	1.29%	17.92%	17.00%	17.08%	13.42%
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	12.76%	11.98%	11.57%	11.51%	10.32%	9.15%	9.06%	8.47%	Under 0.01%	0.01%	Under 0.01%	0.03%	0.79%	15.98%	14.96%	15.22%	10.44%
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.15%	0.15%	0.15%	0.15%	0.00%	0.00%	0.00%	0.00%	0.00%	0.50%	0.50%	0.50%	1.41%	1.51%	1.33%	2.45%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	–	–	–	0.53%	0.53%	0.53%	0.53%
Foreign bank	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.53%	0.53%	0.53%	0.53%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	0.02%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.05%	0.05%	0.08%	0.16%	0.11%	0.11%
Mutual funds	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.01%	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	–	–	–	–	–	–	–
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Alternative investment funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	–	0.05%	0.05%	0.08%	0.16%	0.11%	0.10%
Non-bank lenders registered with RBI	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	0.02%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	–	Under 0.01%	Under 0.01%	Under 0.01%	0.01%
Other financial institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Government-promoted companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Government-promoted companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	–	–	–	–	–	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	47.03%	58.64%	59.07%	59.13%	60.32%	61.65%	61.74%	62.33%	70.79%	70.79%	70.30%	70.21%	69.45%	45.20%	46.04%	45.99%	51.20%
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	29.53%	39.79%	40.36%	42.25%	43.30%	44.05%	43.56%	41.76%	41.00%	37.04%	35.61%	33.54%	32.10%	13.47%	13.89%	13.57%	13.48%
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	7.45%	7.64%	7.98%	8.20%	8.17%	8.28%	8.61%	9.19%	15.29%	17.41%	19.62%	20.33%	20.39%	12.83%	16.00%	16.87%	20.07%
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	6.80%	5.75%	5.23%	3.17%	3.07%	3.16%	3.07%	3.59%	4.80%	6.58%	6.93%	8.37%	9.34%	14.89%	11.82%	10.80%	12.62%
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3.11%	3.36%	3.49%	3.52%	3.58%	3.72%	3.91%	4.94%	6.37%	6.35%	4.58%	4.58%	4.11%	0.68%	0.91%	1.01%	1.26%
Foreign nationals	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.02%	0.02%	0.02%	0.01%	0.01%	0.01%	–	–	–	–	–
Foreign companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	–	–	–	0.53%	0.53%	0.59%	0.59%
Investor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.11%	0.08%	0.08%	0.08%	0.10%
Directors and their relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	1.34%	1.34%	1.44%	1.48%
Key managers	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	0.00%	Under 0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	–	–	–	0.01%	0.01%	0.01%	0.02%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.07%	2.05%	1.95%	1.93%	2.14%	2.37%	2.53%	2.78%	3.28%	3.34%	3.49%	3.33%	3.40%	1.38%	1.47%	1.62%	1.58%
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.07%	0.16%	0.08%	0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Unclaimed or Suspense or Escrow Account	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.89%	1.86%	1.92%	2.14%	2.37%	2.53%	2.78%	3.28%	3.34%	3.49%	3.33%	3.40%	1.36%	1.47%	1.61%	1.57%
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.01%
Fractional Shares	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	–	–	–
Employee trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.96%	1.96%	1.96%	1.96%	1.96%	1.96%	1.75%	1.75%	1.75%	1.75%	1.75%	1.75%	1.75%	1.75%	1.75%	1.75%	1.75%	1.75%	1.75%	3.92%	3.92%	3.91%	2.39%
Shares in issue	5,07,18,493	5,07,18,493	5,07,18,493	5,07,18,493	5,07,18,493	5,48,18,493	8,93,25,569	8,93,25,569	8,93,25,569	8,93,25,569	8,93,25,569	8,93,25,569	8,93,25,569	8,93,25,569	8,93,25,569	8,93,25,569	8,93,25,569	8,93,25,569	8,93,25,569	8,93,25,569	8,93,25,569	8,93,25,569	8,93,25,569	10,04,42,259	10,04,42,259	10,04,42,259	10,04,42,259	10,04,42,259	10,04,42,259	10,04,42,259	10,04,42,259	10,04,42,259	10,04,42,259	10,04,42,259	10,04,42,259	10,04,42,259	2,32,43,82,138	2,32,43,82,138	2,32,95,43,602	2,33,22,04,302
Shares locked in	–	–	–	–	–	41,00,000	3,99,96,538	3,99,96,538	3,99,96,538	3,86,07,076	2,86,07,076	2,05,45,114	2,05,45,114	2,05,45,114	2,05,45,114	2,05,45,114	2,05,45,114	2,05,45,114	89,45,114	0	0	0	0	0	0	0	0	0	0	0	0	0	0	–	–	–	13,23,00,000	13,23,00,000	13,23,00,000	13,23,00,000
Promoters' shares locked in	–	–	–	–	–	41,00,000	2,16,00,000	2,16,00,000	2,16,00,000	2,16,00,000	2,16,00,000	2,05,45,114	2,05,45,114	2,05,45,114	2,05,45,114	2,05,45,114	2,05,45,114	2,05,45,114	89,45,114	0	0	0	0	0	0	0	0	0	0	0	0	0	0	–	–	–	13,23,00,000	13,23,00,000	13,23,00,000	13,23,00,000

Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. A dash is a line the filing did not state. “Under 0.01%” is a holding of shares too small to show at two decimals.

Number of Indiabulls shareholders

Shareholders on the company's register in each filing.

Shareholders, filing by filing

Shareholders	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
All shareholders	61,550	59,392	59,078	58,004	55,563	53,012	50,107	50,328	50,916	50,761	50,564	50,190	50,687	50,807	54,454	53,691	48,989	48,504	50,999	48,625	47,790	49,871	51,359	65,909	69,495	68,234	67,900	67,171	66,649	66,493	65,369	64,678	63,447	61,705	60,247	56,661	2,50,082	2,49,915	2,49,884	2,51,001
	3	3	3	3	3	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	6	6	6	6	6	6	6	6	6	6	3	3	6	6	6	6
Indian promoters	3	3	3	3	3	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	6	6	6	6	6	6	6	6	5	5	2	2	5	5	5	5
Foreign promoters	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	0	0	0	0	0	1	1	1	1	1	1	1	1
	61,547	59,389	59,075	58,001	55,560	53,005	50,100	50,321	50,909	50,754	50,557	50,183	50,680	50,800	54,447	53,684	48,982	48,496	50,991	48,617	47,782	49,863	51,351	65,901	69,488	68,227	67,893	67,164	66,642	66,486	65,362	64,671	63,440	61,698	60,243	56,657	2,50,074	2,49,907	2,49,876	2,50,993
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	11	8	9	9	7	7	6	5	4	4	4	5	5	57	43	27	41
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	11	7	8	8	6	7	6	5	4	4	3	4	4	53	37	24	36
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	1	1	1	1	0	0	0	0	0	1	1	1	3	5	2	4
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	0	0	–	–	–	1	1	1	1
Foreign bank	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4	5	4	4	4	4	4	4	4	4	4	5	4	9	11	10	11
Mutual funds	–	–	–	–	–	–	–	–	1	1	1	2	2	2	–	–	–	–	–	0	0	0	0	0	0	0	0	0	0	0	0	0	0	–	–	–	–	–	–	–
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	2	2	2	2	2	2	2	2	2	2	2	2	3	3	3	3
Alternative investment funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	0	0	0	0	0	0	–	1	1	1	2	1	1
Non-bank lenders registered with RBI	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	2	1	1	1	1	1	1	1	1	1	1	–	4	5	5	6
Other financial institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	2	2	2	2
Government-promoted companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	2	2	2	2
Government-promoted companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	–	–	–	–	–	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	65,885	69,474	68,213	67,879	67,152	66,630	66,475	65,352	64,662	63,431	61,689	60,232	56,647	2,50,006	2,49,851	2,49,837	2,50,939
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	64,654	66,983	65,771	65,467	64,762	64,268	64,143	63,044	62,364	61,138	59,453	58,019	54,480	2,42,744	2,42,601	2,42,226	2,43,111
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	32	33	36	36	38	38	38	39	50	55	56	60	56	653	713	716	747
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	409	404	388	377	365	356	350	346	349	359	346	350	346	1,076	1,028	1,080	1,116
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	731	744	745	746	750	749	748	743	735	733	732	726	720	1,831	1,866	2,058	2,164
Foreign nationals	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	2	2	2	1	1	1	–	–	–	–	–
Foreign companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	0	0	0	0	0	–	–	–	2	2	3	3
Investor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Directors and their relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	2	1	1	1	1	1	1	1	1	5	5	5	6
Key managers	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	0	1	0	0	0	0	0	–	–	–	2	2	2	2
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	54	1,305	1,268	1,249	1,231	1,216	1,192	1,176	1,160	1,143	1,099	1,074	1,043	3,692	3,633	3,746	3,789
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	53	42	21	5	4	4	4	4	4	3	3	3	3	8	8	8	7
Unclaimed or Suspense or Escrow Account	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	2	1	1	1
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1,260	1,243	1,240	1	1,210	1,186	1,170	1,154	1,137	1,094	1,069	1,038	3,676	3,619	3,731	3,775
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	3	3	1	1	1	1	1	2	1	1	1	5	5	6	6
Fractional Shares	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	–	–	–
Employee trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	2	2	2	2

Indiabulls promoters

Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Sep 2026; the largest is INUUS DEVELOPERS PRIVATE LIMITED, 19.66%. The filing names 6 more members with no shares.Promoter buying and selling

Holder
INUUS DEVELOPERS PRIVATE LIMITEDIndian companies, trusts and others	19.66%	45,84,11,416	0.00%
VALERIAN REAL ESTATE PRIVATE LIMITEDIndian companies, trusts and others	4.43%	10,32,20,746	64.09%
SAMEER GEHLAUTNon-resident and foreign individuals	4.33%	10,10,17,329	0.00%
CALLEIS INFRACON PRIVATE LIMITEDIndian companies, trusts and others	2.88%	6,71,50,000	98.51%
KRITIKKA INFRASTRUCTURE PRIVATE LIMITEDIndian companies, trusts and others	1.15%	2,67,57,048	0.00%
KARANBHUMI ESTATES PRIVATE LIMITEDIndian companies, trusts and others	0.43%	1,00,79,525	0.00%

No promoter shares are reported as pledged. Locked in is the share of the holder's own shares that cannot be sold yet, as after a listing or an allotment.

Largest public holders of Indiabulls, filing by filing

Per cent, on the same shares as the split above.

Holder	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
ACM GLOBAL FUND VCCForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	6.56%	6.56%	4.91%	2.70%
MAHI MADHUSUDAN KELAResident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.22%	2.21%	2.21%
ANAND SHAKTIKUMAR SANCHETIResident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.97%	1.89%	1.84%	1.83%
DIVYESH BHARATKUMAR SHAHDirectors and their relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.29%	1.29%	1.31%	1.31%
COHESION MK BEST IDEAS SUB-TRUSTForeign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.26%	1.26%	1.26%	1.26%
UNICO GLOBAL OPPORTUNITIES FUND LIMITEDForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.50%	1.23%
THINK INDIA OPPORTUNITIES MASTER FUND LPForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.20%	1.20%	1.20%	1.20%
MONTECINO CONSTRUCTIONSCompanies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3.27%	2.38%	1.15%	1.15%
JAINAM BROKING LIMITEDCompanies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.41%	1.40%	1.05%	1.05%
MAYBANK SECURITIES PTE LTD - ODIForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.10%	3.19%	4.38%	–
ACM MASTER FUNDForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.12%	–
BRIJKISHOR TRADING PRIVATE LIMITEDCompanies	1.27%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.92%	–	–	–
GOLDMAN SACHS BANK EUROPE SE - ODIForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.41%	–	–	–
SOCIETE GENERALE - ODIForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.27%	–	–	–
ANIL KANTIPRASAD PODDARResident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.72%	1.99%	2.84%	3.21%	3.56%	–	–	–	–
RISHIKESH PARTHASARATHINon-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.70%	1.96%	1.74%	1.87%	1.99%	1.99%	–	2.09%	2.34%	3.39%	4.78%	4.78%	3.03%	3.03%	2.59%	–	–	–	–
STRATAGEM STOCK BROKER PRIVATE LIMITEDCompanies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.80%	2.16%	–	–	–	–
VANDANA ASHWINI KUMARResident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.22%	1.22%	1.22%	1.26%	1.26%	–	–	–	–
STEADVIEW CAPITAL MAURITIUS LIMITEDForeign portfolio investors, category I	–	–	9.24%	9.24%	9.24%	9.24%	9.24%	9.24%	9.24%	9.24%	9.24%	9.24%	9.24%	9.24%	9.24%	9.24%	9.24%	9.24%	9.24%	10.53%	10.53%	10.05%	10.05%	8.90%	8.90%	8.90%	8.46%	–	–	–	–	–	–	–	–	–
TIMF HOLDINGSForeign portfolio investors, category I	2.36%	–	3.52%	3.52%	3.52%	3.52%	3.52%	3.52%	3.52%	3.52%	3.52%	3.52%	3.52%	3.52%	1.34%	1.34%	1.34%	1.34%	1.34%	1.19%	1.19%	1.19%	1.19%	1.19%	–	–	–	–	–	–	–	–	In concert	In concert	In concert	In concert
FASHIONS BRANDS (INDIA) PRIVATE LIMITEDCompanies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.07%	–	–	–	–	–	–	–	–	–	–	–	–	–	–
MAHIMA STOCKS PRIVATE LIMITEDCompanies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.58%	1.58%	1.40%	1.35%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
MORGAN STANLEY ASIA (SINGAPORE) PTE. - ODIInstitutions Foreign Portfolio Investor	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.06%	1.06%	1.06%	1.06%	1.06%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
KIFS TRADE CAPITAL PRIVATE LIMITEDOther non-institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.04%	1.04%	1.04%	1.04%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
BNP PARIBAS ARBITRAGE - ODIInstitutions Foreign Portfolio Investor	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.53%	1.46%	1.46%	1.46%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
CHARTERED FINANCE & LEASING LIMITEDOther non-institutions	1.27%	2.57%	–	–	–	–	–	1.58%	1.58%	1.58%	1.58%	1.58%	1.58%	1.58%	1.58%	1.58%	1.58%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
SANTON DEVELOPERS LLPOther non-institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	1.01%	1.01%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
UNO METALS LTDOther non-institutions	–	–	–	–	–	–	–	1.19%	2.17%	2.96%	2.63%	2.52%	3.82%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
HEMANT HIRALAL SHAHResident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	1.01%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
SHUBHI CONSULTANCY SERVICES LLPOther non-institutions	–	–	–	–	–	–	–	–	–	1.61%	1.61%	1.61%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
MONARCH INFRAPARKS PRIVATE LIMITEDOther non-institutions	–	–	–	–	–	–	–	–	1.04%	1.04%	1.04%	1.01%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
ABG CapitalInstitutions Foreign Portfolio Investor	–	–	3.29%	3.29%	3.29%	3.29%	3.29%	3.29%	3.29%	2.86%	2.86%	–	–	–	–	–	–	–	–	–	–	–	–	–	In concert	In concert	In concert	–	–	–	–	–	–	–	–	–
BNP PARIBAS ARBITRAGEInstitutions Foreign Portfolio Investor	1.01%	–	–	–	–	–	–	–	1.25%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
RIDDHI PORTFOLIO PRIVATE LIMITEDOther non-institutions	1.97%	1.64%	–	–	–	–	–	–	1.06%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
LTR Focus FundInstitutions Foreign Portfolio Investor	–	–	2.28%	2.28%	2.28%	2.28%	2.28%	2.28%	In concert	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
KIFS TRADE CAPITAL PRIVATE LIMITED - CLIENT BENEFICIARY ACCOUNTOther non-institutions	–	–	–	–	–	–	–	1.07%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
CHARTERED FINANCE AND LEASING LIMITEDOther non-institutions	–	–	1.58%	1.58%	1.58%	1.58%	1.58%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
KIFS TRADE CAPITAL PRIVATE LIMITED - COLLATERAL ACOther non-institutions	–	–	–	–	–	1.01%	1.07%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
HIMANSU JAYANTILAL SHAHResident individuals, over ₹2 lakh at face value	–	–	–	–	1.01%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
INFINIUM NATURAL RESOURCES INVESTMENTS PRIVATE LIMITEDOther non-institutions	–	–	1.57%	1.57%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–

A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. A dash is a filing that did not name the holder, which includes holding under one per cent. “In concert” is a filing that named the holder only among the persons acting in concert; the latest filing's list is below. The 40 holders most recently named are shown, of 50 holders the filings name.

Who moved in the Sep 2026 filing

Against the Jun 2026 filing. A filing names a public holder only at 1% or more, so a holder no longer named fell under 1% or sold out.

Foreign institutions: MAYBANK SECURITIES PTE LTD - ODI no longer named, from 4.38%; ACM GLOBAL FUND VCC 2.70%, −2.21 pts; ACM MASTER FUND no longer named, from 1.12%; 1 more moved
Individuals and others: ANAND SHAKTIKUMAR SANCHETI 1.83%, −0.01 pts

Persons acting in concert

From the filing for Sep 2026.

Name	Holding	Shares
TIMF Holdings	1.20%	2,78,86,952

Shareholders who act together in the company, with what each holds. The list can repeat holders shown above, under another name or as one of a fund house's schemes.