Acquisitions24 Feb 2026, 05:12 pm
Panafic Industrials Acquires Equity Shares of Bazel International Ltd Through Preferential Allotment
AI Summary
Panafic Industrials Limited has acquired equity shares of Bazel International Limited through preferential allotment. The acquisition was made in pursuant to the conversion of loan into equity. The total number of shares acquired is 7,62,392, which amounts to 19.78% of the total diluted capital of Bazel International Limited. The face value of each share is Rs 10, making the total value of the shares acquired Rs 2,78,60,330. The total voting capital of Bazel International Limited has increased from 27,86,033 to 38,55,222 post-acquisition.
Key Highlights
- Panafic Industrials acquired 19.78% of Bazel International Limited's total diluted capital
- The acquisition was made through preferential allotment in pursuant to the conversion of loan into equity
- The total value of the shares acquired is Rs 2,78,60,330
- The total voting capital of Bazel International Limited increased from 27,86,033 to 38,55,222 post-acquisition
- The acquisition was made on 20th February, 2026, or the date of receipt of intimation of allotment of shares, whichever is applicable