Longspur International Ventures Revises Rs 20.35 Cr Preferential Share Issue

Longspur International Ventures Limited has approved a revised preferential issue of up to 2,03,50,000 equity shares of face value ₹10 each at ₹10 per share, aggregating ₹20.35 crore, superseding the earlier approval from March 4, 2026. The Board made this decision at its meeting on March 10, 2026, targeting promoter and non-promoter investors to fund business expansion and new opportunities.

The allotment includes Mr. Manoj Jain (Promoter) receiving 16,50,000 shares, alongside non-promoters like Ms. Pritika Surana, Mr. Vinod Harmukhrai Beriwal, and M/s Kuber Equity Services LLP each getting 16,50,000 shares, down to smaller allocations for 29 others totaling 33 allottees. Post-issue, promoter Manoj Jain's holding rises from 30,60,098 shares (22.48%) to 47,19,098 shares (13.88%), with detailed pre/post holdings provided for all major allottees.

This fundraising complies with Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, pending shareholder approval at an upcoming Extraordinary General Meeting and regulatory clearances.

Shares of Longspur International Ventures Limited was last trading in BSE at Rs. 6.56 as compared to the previous close of Rs. 6.44. The total number of shares traded during the day was 105119 in over 55 trades.

The stock hit an intraday high of Rs. 6.56 and intraday low of 6.32. The net turnover during the day was Rs. 666609.00.

Source : Equity Bulls

Keywords

LongspurInternationalVentures INE180M01033 FundRaising PreferentialIssue