Ajay Anand Acquires Major Stake in Faze Three Ltd Through Open Market

According to a disclosure made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, Ajay Anand and Persons Acting in Concert (PAC) have acquired a significant stake in Faze Three Limited. The acquisition was made through the purchase of equity shares from the open market. The total holding of Ajay Anand and PAC before the acquisition was 34.78%, which increased to 57.95% post-acquisition. The total equity share capital of the company remains the same at Rs. 24,31,90,000/- (2,43,19,000 Equity Shares of Face Value of Rs 10/- Each) before and after the acquisition.