In terms of Regulation 30 of SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015 with regard to the issuance of Preferential Shares, we would like to inform that the ....
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Logica Infoway has received listing approval from BSE for issuing 6,93,600 equity shares of Rs. 10 each at a premium of Rs. 222.30 per share (total issue price ~Rs. 232.30 per share). These shares were allotted on a preferential basis to promoters and non-promoters, raising approximately Rs. 16.1 crore in fresh capital. The shares will be credited to the allottees' demat accounts and then permitted to trade on BSE after completing further corporate actions. The listing approval letter from BSE was received on April 16, 2025, and disclosed to the exchange on April 17, 2025.
This preferential allotment will dilute existing shareholders' holdings but brings in fresh equity capital at a strong premium to face value, indicating investor confidence at a price well above par. Shareholders should expect a small dilution in their stake once the new shares begin trading on BSE.