Dhani Services (Delisted) shareholders and shareholding pattern

BSE: 532960Finance

Formerly Indiabulls Ventures

Last traded ₹51.06 on 27 Oct 2025

Delisted on 16 Jan 2026.

Who owns Dhani Services, filing by filing

Per cent of the company's shares. Every filing on record, from Sep 2021; the latest is the filing for Jun 2025.

Jun 2025 filing

Promoters29.13%
Foreign institutions20.77%
Indian institutions1.87%
GovernmentsNone
Individuals and others43.37%
Employee trusts4.85%

Shareholding pattern, per cent, from Sep 2022

Promoters
Foreign institutions
Indian institutions
Governments
Individuals and others
Employee trusts

Per cent	Sep 2021Filed 21 Oct	Sep 2022Filed 21 Oct	Jun 2023Filed 21 Jul	Sep 2023Filed 20 Oct	Mar 2024Filed 19 Apr	Jun 2024Filed 19 Jul	Dec 2024Filed 21 Jan	Jun 2025Filed 21 Jul
	30.05%	33.00%	32.89%	31.25%	30.77%	29.13%	29.13%	29.13%
Indian promoters	30.05%	33.00%	32.89%	31.25%	30.77%	29.13%	23.54%	23.54%
Foreign promoters	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5.60%	5.60%
	66.72%	62.13%	62.26%	63.90%	64.38%	66.02%	66.02%	66.02%
	–	18.34%	14.14%	14.38%	14.63%	16.60%	20.98%	20.77%
Foreign portfolio investors, category I	–	17.39%	13.16%	13.35%	13.60%	15.33%	18.22%	18.09%
Foreign portfolio investors, category II	–	0.95%	0.98%	1.03%	1.03%	1.27%	2.76%	2.68%
Other foreign institutions	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	Under 0.01%
	–	1.43%	1.38%	1.46%	1.50%	1.52%	1.54%	1.87%
Mutual funds	0.03%	0.05%	0.00%	0.05%	0.09%	0.11%	0.16%	0.23%
Banks	–	0.69%	0.69%	0.69%	0.69%	0.69%	0.69%	0.69%
Alternative investment funds	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	Under 0.01%	0.26%
Non-bank lenders registered with RBI	–	Under 0.01%	Under 0.01%	0.04%	0.04%	0.04%	Under 0.01%	Under 0.01%
Other Indian institutions	–	0.69%	0.69%	0.69%	0.69%	0.69%	0.69%	0.69%
	–	0.00%	0.00%	0.00%	0.00%	0.00%	Under 0.01%	Under 0.01%
Central government	–	0.00%	0.00%	0.00%	0.00%	0.00%	Under 0.01%	Under 0.01%
	–	42.35%	46.74%	48.06%	48.25%	47.90%	43.50%	43.37%
Resident individuals, up to ₹2 lakh at face value	–	17.41%	21.11%	20.66%	20.79%	19.11%	17.29%	18.57%
Resident individuals, over ₹2 lakh at face value	–	7.94%	7.80%	7.83%	7.88%	7.77%	8.65%	8.50%
Companies	–	14.15%	14.37%	15.90%	15.72%	17.24%	14.88%	13.51%
Non-resident Indians	–	0.77%	1.40%	1.58%	1.80%	1.72%	0.61%	0.67%
Foreign companies	–	0.18%	0.18%	0.18%	0.18%	0.18%	0.18%	0.18%
Investor education fund	–	0.04%	0.04%	0.04%	0.04%	0.05%	0.05%	0.09%
Directors and their relatives	–	1.81%	1.83%	1.84%	1.83%	1.83%	1.84%	1.84%
Key managers	–	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
	–	0.06%	Under 0.01%	0.02%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Others	–	–	Under 0.01%	–	–	–	–	–
Trusts	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Clearing Members	–	0.06%	Under 0.01%	0.02%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Employee trusts	3.23%	4.87%	4.85%	4.85%	4.85%	4.85%	4.85%	4.85%
Shares in issue	60,99,47,910	60,99,47,910	61,21,47,910	61,21,47,910	61,21,47,910	61,21,47,910	61,21,47,910	61,21,47,910
Shares locked in	3,36,00,000	0	0	0	0	0	0	–
Shares underlying depositary receipts	2,038	2,038	2,038	2,038	0	0	0	–

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 Dhani Services shareholders

Shareholders on the company's register in each filing.

Shareholders, filing by filing

Shareholders	Sep 2021Filed 21 Oct	Sep 2022Filed 21 Oct	Jun 2023Filed 21 Jul	Sep 2023Filed 20 Oct	Mar 2024Filed 19 Apr	Jun 2024Filed 19 Jul	Dec 2024Filed 21 Jan	Jun 2025Filed 21 Jul
All shareholders	96,174	2,08,407	2,22,554	2,20,985	2,11,898	1,94,452	1,79,168	1,78,737
	6	6	6	2	2	2	2	2
Indian promoters	6	6	6	2	2	2	1	1
Foreign promoters	0	0	0	0	0	0	1	1
	96,166	2,08,399	2,22,546	2,20,981	2,11,895	1,94,449	1,79,165	1,78,734
	–	89	54	52	51	51	57	67
Foreign portfolio investors, category I	–	83	52	49	49	49	53	61
Foreign portfolio investors, category II	–	6	2	3	2	2	4	5
Other foreign institutions	–	0	0	0	0	0	0	1
	–	9	5	7	8	8	11	14
Mutual funds	4	3	0	1	2	2	4	6
Banks	–	3	2	2	2	2	2	2
Alternative investment funds	0	0	0	0	0	0	1	2
Non-bank lenders registered with RBI	–	2	2	3	3	3	3	3
Other Indian institutions	–	1	1	1	1	1	1	1
	–	0	0	0	0	0	1	1
Central government	–	0	0	0	0	0	1	1
	–	2,08,301	2,22,487	2,20,922	2,11,836	1,94,390	1,79,096	1,78,652
Resident individuals, up to ₹2 lakh at face value	–	2,06,269	2,20,642	2,19,012	2,09,978	1,92,540	1,77,106	1,76,607
Resident individuals, over ₹2 lakh at face value	–	82	83	83	92	111	122	134
Companies	–	840	766	811	769	745	796	802
Non-resident Indians	–	1,005	976	999	979	976	1,055	1,092
Foreign companies	–	2	2	2	2	2	2	2
Investor education fund	–	1	1	1	1	1	1	1
Directors and their relatives	–	3	4	5	4	4	4	4
Key managers	–	2	2	2	2	2	2	2
	–	97	11	7	9	9	8	8
Others	–	–	1	–	–	–	–	–
Trusts	–	1	1	1	1	1	1	1
Clearing Members	–	96	9	6	8	8	7	7
Employee trusts	1	1	1	1	1	1	1	1

Dhani Services 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 Jun 2025; the largest is INUUS DEVELOPERS PRIVATE LIMITED, 23.54%. The filing names 2 more members with no shares.Promoter buying and selling

Holder
INUUS DEVELOPERS PRIVATE LIMITEDIndian companies, trusts and others	23.54%	14,40,75,710
SAMEER GEHLAUTNon-resident and foreign individuals	5.60%	3,42,52,493

No promoter shares are reported as pledged.

Largest public holders of Dhani Services, filing by filing

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

Holder	Sep 2021Filed 21 Oct	Sep 2022Filed 21 Oct	Jun 2023Filed 21 Jul	Sep 2023Filed 20 Oct	Mar 2024Filed 19 Apr	Jun 2024Filed 19 Jul	Dec 2024Filed 21 Jan	Jun 2025Filed 21 Jul
ACM GLOBAL FUND VCCForeign portfolio investors, category I	–	–	1.68%	2.44%	2.53%	4.18%	4.90%	5.49%
MAYBANK SECURITIES PTE LTD - ODIForeign portfolio investors, category I	–	–	–	–	–	–	–	2.72%
ANAND SHAKTIKUMAR SANCHETIResident individuals, over ₹2 lakh at face value	–	2.56%	2.55%	2.55%	2.55%	2.55%	2.55%	2.55%
BRIJKISHOR TRADING PRIVATE LIMITEDCompanies	1.36%	1.41%	1.40%	1.40%	1.40%	2.48%	2.48%	2.48%
SOCIETE GENERALE - ODIForeign portfolio investors, category I	–	–	1.30%	–	–	2.13%	2.44%	1.81%
DIVYESH BHARATKUMAR SHAHDirectors and their relatives	–	1.78%	1.77%	1.77%	1.77%	1.77%	1.77%	1.77%
COHESION MK BEST IDEAS SUB-TRUSTForeign portfolio investors, category II	–	–	–	–	–	1.22%	1.63%	1.63%
THINK INDIA OPPORTUNITIES MASTER FUND LPForeign portfolio investors, category I	In concert	In concert	–	–	–	–	1.55%	1.55%
JAINAM BROKING LIMITEDCompanies	–	1.72%	1.74%	1.94%	1.85%	2.00%	1.53%	1.53%
UNICO GLOBAL OPPORTUNITIES FUND LIMITEDForeign portfolio investors, category I	–	–	–	–	–	–	–	1.09%
MAYBANK SECURITIES PTE LTDForeign portfolio investors, category I	–	2.02%	–	1.01%	3.51%	3.48%	3.48%	–
TUPELO CONSULTANCY LLPCompanies	2.17%	1.88%	1.84%	1.73%	1.71%	1.70%	–	–
RISHIKESH PARTHASARATHINon-resident Indians	–	–	1.05%	1.19%	1.29%	1.23%	–	–
BOFA SECURITIES EUROPE SAForeign portfolio investors, category I	–	2.18%	2.15%	2.25%	1.78%	–	–	–
STEADVIEW CAPITAL MAURITIUS LIMITEDForeign portfolio investors, category I	4.35%	4.35%	3.10%	3.10%	1.29%	–	–	–
NOMURA SINGAPORE LIMITED ODIForeign portfolio investors, category I	–	2.14%	–	–	–	–	–	–
TAMARIND CAPITAL PTE LTDOther non-institutions	10.01%	–	–	–	–	–	–	–
JASMINE CAPITAL INVESTMENTS PTE LTDInstitutions Foreign Portfolio Investor	7.87%	–	–	–	–	–	–	–
BAILLIE GIFFORD PACIFIC FUND A SUB FUND OF BAILLIE GIFFORD OInstitutions Foreign Portfolio Investor	2.07%	–	–	–	–	–	–	–
DIVYESH BHARAT SHAHResident individuals, over ₹2 lakh at face value	1.78%	–	–	–	–	–	–	–
RIBBIT CAYMAN IN HOLDINGS VI LTDInstitutions Foreign Portfolio Investor	1.72%	–	–	–	–	–	–	–
BNP PARIBAS ARBITRAGE ODIInstitutions Foreign Portfolio Investor	1.58%	–	–	–	–	–	–	–
NWI EMERGING MARKET FIXED INCOME MASTER FUND LTDInstitutions Foreign Portfolio Investor	1.38%	–	–	–	–	–	–	–

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.

Persons acting in concert

From the filing for Jun 2025.

Name	Holding	Shares
TIMF Holdings	1.55%	94,85,358

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.