The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Chaser Financial Services Pvt Ltd
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Chaser Financial Services Private Ltd, a non-promoter entity, has acquired 3,06,797 equity shares (7.96%) of Bazel International Ltd through conversion of a loan into equity shares on 05.02.2026. Before this transaction, Chaser held 0% stake in the company. Post-allotment, Bazel's total paid-up share capital has expanded from 27,86,033 shares to 38,55,222 shares (also factoring in a separate 7,62,392 share allotment to Panafic Industrial Ltd). Chaser now holds a 7.96% stake, placing it close to but below the 10% open-offer trigger threshold under SEBI SAST norms.
The loan-to-equity conversion dilutes existing shareholders but strengthens the company's balance sheet by converting debt into equity. Chaser becoming a 7.96% holder means any further acquisition beyond 10% would trigger a mandatory open offer, which shareholders should monitor.