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Bazel International Eyes Equity Route for Fundraising, Board Meet on June 21

Updated: June 18, 2025 18:31

Image Source: Bazel International Ltd
Bazel International Ltd is preparing to raise funds through the issuance of equity shares, with its board scheduled to meet on June 21, 2025, to discuss the proposal. The move is part of the company’s broader strategy to strengthen its capital base and support future growth initiatives.
 
Key Highlights:
  • Board Agenda: The meeting will consider raising funds via equity issuance to nonpromoter entities, likely through a preferential allotment.
  • Conversion of Loans: The proposal includes converting outstanding loans into equity, a move that could improve the company’s debt profile and attract fresh capital.
  • Shareholder Approval: The board will also discuss setting a date for a general meeting to seek shareholder approval for the proposed fundraising.
  • Past Precedent: In a previous board meeting held on May 28, 2025, a similar agenda was deferred, indicating that the company is now ready to move forward with the plan.
  • Strategic Intent: The capital infusion is expected to support Bazel’s expansion plans and operational scaling, especially as it diversifies its portfolio beyond traditional financial services.
This development signals Bazel’s intent to restructure its capital and attract new investors, potentially boosting liquidity and market confidence.
 
Sources: Economic Times, Rediff Money, BSE India

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