Bazel International Ltd — Insider Trading, 01-01-1970: Insider Trading / SAST

Durgesh Merchants Limited has upped its stake in Bazel International Limited by acquiring an additional 6,38,643 equity shares. This was done through a preferential allotment, converting previously held warrants into equity. As a result, Durgesh Merchants' ownership in Bazel International has risen from 13.09% (10,09,562 shares) to 16.79% (16,48,205 shares). This transaction also led to an increase in Bazel International's total equity share capital, expanding it from Rs 7.71 Cr to Rs 9.82 Cr. This move signifies a notable shift in shareholding and an expansion of the company's capital structure.