StockWatch
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Other Financial Services
Board Meeting24 Jun 2026, 08:30 pm

Longspur Intl Allots 33 Lakh Shares at ₹10 Each

AI Summary

Longspur International Ventures Ltd announced the outcome of its Board meeting held on June 24, 2026, approving the allotment of 33,00,000 equity shares at a face value of ₹10 each, fully paid, at a price of ₹10 per share. This preferential issue, amounting to ₹3.30 crore, was made on a private placement basis to six investors, including Manoj Jain and Chirag Shantilal Shah (HUF). The allotment increases the company's issued and paid-up equity share capital to 2,21,80,000 equity shares. The company has received in-principle approval from BSE for this issue.

Key Highlights

  • Board approved allotment of 33,00,000 equity shares at ₹10 each.
  • Total funds raised through preferential issue amount to ₹3.30 crore.
  • Six investors subscribed to the equity shares in this private placement.
  • Post-allotment, total equity shares increase to 2,21,80,000.
  • BSE granted in-principle approval for the preferential issue.