Longspur Intl gets BSE in-principle approval for preferential issue

Longspur International Ventures Ltd has received in-principle approval from BSE Ltd for a preferential issue of 2,03,50,000 equity shares at Rs. 10 each. The approval is under Regulation 28(1) of SEBI (LODR) Regulations. The issue is open to promoters and non-promoters. BSE has advised the company to strengthen internal controls and obtain undertakings from allottees regarding intra-day trading restrictions to ensure compliance with SEBI regulations. The company must also comply with post-issue formalities and listing applications within stipulated timelines.