New Delhi, October 27, 2025: Dhani Services Limited (NSE: DHANI, BSE: 532960) will merge with Yaari Digital Integrated Services Limited tomorrow, formally implementing the long-pending restructuring plan. The record date for the share entitlement under the approved merger scheme has been set as Tuesday, October 28, 2025.
This move comes after the Composite Scheme of Arrangement that had received approval from the National Company Law Tribunal, Chandigarh Bench, earlier this year, became effective on October 14, 2025, with an appointed date of April 1, 2023.
Upon completion of this merger, the resulting company will be called Yaari Digital Integrated Services Ltd. Each share will have a face value of ₹2. Dhani Services’ shares will be delisted once the share allotment to Dhani shareholders is concluded as part of this merger process.
Incorporated in 1995 and headquartered in Gurugram, Dhani Services Limited operates across fintech, digital lending, and health-tech segments. Following the completion of its merger tomorrow, the company’s equity shares will be delisted, and shareholders will receive an equivalent number of Yaari Digital shares credited to their respective demat accounts.
Share Entitlement Ratio
As per the scheme, the shareholders of Dhani Services Limited will get new shares in Yaari Digital Integrated Services Ltd. with the following share entitlement ratio:
- For every 100 fully paid-up shares of ₹2 each held in Dhani Services, the shareholders will be entitled to 294 fully paid-up equity shares of ₹2 each in Yaari Digital Integrated Services Ltd.
- For every 100 partly paid-up shares (₹1.10 paid-up) each held in Dhani Services, shareholders in Dhani Services will be allotted 162 fully paid-up equity shares of ₹2 each in Yaari Digital Integrated Services Ltd.
The newly allotted shares will be credited directly into the demat accounts of the shareholders and will be listed on both BSE and NSE. These shares will rank pari-passu with the existing equity shares of Yaari Digital Integrated Services Ltd.
Scheme Background
The National Company Law Tribunal (NCLT) has approved a composite merger scheme involving 17 group entities, which will be consolidated with Dhani Services Limited into Yaari Digital Integrated Services Ltd. Additionally, the real estate undertaking of India Land Hotels Mumbai Pvt Ltd will be demerged into Indiabulls Pharmacare Ltd, a wholly owned subsidiary of the group. Once the scheme takes effect, Dhani Services’ shares will be delisted, and its shareholders will receive equity holdings in Yaari Digital Integrated Services Ltd.
Stock Performance Ahead of Record Date
As of 9:22 AM, 27 October 2025, the share price of Dhani Services Limited was at ₹55.92, a 0.20% gain. Dhani Services Limited has dipped 1.86% over the last year, 40% year-to-date, 11% over the last month, and gained 0.74% in the previous five days. The stock has gained over 45% in the last two years, even as it corrected this year amid broader volatility in midcap financials.
Outlook
The merger consolidates Indiabulls into a single entity and aligns businesses under a unified entity of digital and financial services provided by Yaari Digital Integrated Services Limited. The merged entity is seen as capturing synergies across lending, fintech, and consumer platform operations, positioning Yaari as a more robust and integrated player in India’s evolving digital finance landscape.
REF:
https://nsearchives.nseindia.com/corporate/DHANI_14102025184511_DSL_Intimation_Scheme_effectiveness_and_Record_Date_14102025.pdf
https://nsearchives.nseindia.com/corporate/DHANI_30082025133120_DSL_Intimation_pronouncement_of_Order_30082025.pdf
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