In terms of Reg. 30 of SEBI (LODR) Regulations, 2015 with regard to the issuance of Preferential Shares, the company has received the Trading approval from BSE Limited on 15th May, 2025.
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Logica Infoway Ltd has received trading approval from BSE for 6,93,600 equity shares issued on a preferential basis to Promoter and Non-Promoter groups. The shares carry a face value of Rs. 10 each and were issued at a premium of Rs. 222.30, meaning the issue price was Rs. 232.30 per share, translating to roughly Rs. 16.1 crore of fresh capital raised. The new shares will begin trading on BSE from May 16, 2025, under the existing scrip code 543746. The company has also attached BSE's approval letter (Notice No. 20250515-7) confirming the listing.
Existing shareholders may face some dilution from the preferential allotment. Watch for any lock-in expiry or promoter pledges tied to this issue, and note that the new shares hitting the market from May 16 could create short-term supply pressure on the stock.