Baillie Gifford Pacific Fund has acquired 563,113 equity shares of Indiabulls Real Estate Limited on 17 November 2021, which coupled with previous acquisitions has crossed the 2 per cent threshold. Baillie Gifford Pacific Fund has delegated to its discretionary investment manager Baillie Gifford & Co (BG) voting rights in relation to 32,147,820 equity shares of Indiabulls. "Consequently, BG has the power to exercise voting rights in relation to such equity shares of the Target Company held by the Baillie Gifford Pacific Fund.
It is clarified that BG does not hold any equity shares in the Target Company, and has only been delegated with the power to exercise voting rights over equity shares in the Target Company, " according to a stock exchange filing. "The acquisition of 563,113 shares together with previous acquisitions since the last disclosure on 25 July 2021 has crossed the 2% threshold. Baillie Gifford Pacific Fund has delegated to BG, voting rights in relation to its 563,113 equity shares of the Target Company," it added.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.