Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bazel International Ltd, a registered NBFC, has received listing approval from BSE Limited for 21,04,802 equity shares of Rs. 10 each. The shares were issued at a premium of Rs. 32.12 per share (total issue price Rs. 42.12) to non-promoters on a preferential basis. These shares resulted from the conversion of warrants, with distinctive numbers ranging from 7710445 to 9815246. Trading approval will be granted only after the company submits NSDL/CDSL confirmation letters for share crediting and lock-in details. The company must also file shareholding pattern in XBRL mode if the change exceeds 2% of total paid-up capital.
This preferential allotment increases the company's equity base by over 2 million shares, diluting existing shareholders. The shares will start trading once the company completes all regulatory formalities including NSDL/CDSL confirmations.