StockWatch
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Other Financial Services
Board Meeting24 Jun 2026, 02:17 pm

Longspur Intl Allots 52.3 Lakh Shares at ₹10 Each

AI Summary

Longspur International Ventures Ltd announced the outcome of its Board Meeting held on June 24, 2026. The company approved the allotment of 52,30,000 equity shares of face value ₹10 each, fully paid up, at a price of ₹10 per share. This allotment is part of a phased approach to a preferential issue on a private placement basis. The company has received in-principle approval from BSE Limited for this issuance. Post-allotment, the company's issued and paid-up equity share capital has increased to 1,88,80,000 equity shares. The newly allotted shares will rank pari-passu with existing equity shares.

Key Highlights

  • Board approved allotment of 52,30,000 equity shares.
  • Allotment price fixed at ₹10 per share.
  • Total capital raised amounts to ₹5.23 crore.
  • Post-allotment share capital increases to 1,88,80,000 shares.
  • Shares allotted via preferential issue on private placement.