Announced Mon, 6 Apr · 12:33 IST
Garbi Finvest acquires 12.69% in Bazel International via warrant conversion
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.8%1-day move
₹18.60
prior close
₹18.25
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0+0.0-0.8+3.6+7.3+3.2+6.1+15.6+12.9-2.7+1.1+4.2
Up moveDown movePending
AI summary
Garbi Finvest Ltd, a non-promoter entity, acquired 12,45,159 shares (12.69%) in Bazel International Ltd through conversion of warrants into equity shares via preferential allotment on 2 April 2026. Holding moved from 0% to 12.69% of share capital. Bazel's total equity expanded from 77,10,444 to 98,15,246 shares, meaning 21 lakh new shares were issued and Garbi received the majority. Disclosed under SEBI SAST Regulation 29(1) as the 10% disclosure threshold was crossed.
Likely market impact
New 12.69% non-promoter shareholder entered; equity diluted by ~27% via preferential warrant conversion.