Longspur allots 76.2 lakh equity shares at par via preferential issue

Longspur International Ventures allotted 76,20,000 equity shares at Rs. 10 each, equal to face value, through a preferential issue to 16 investors (mix of promoter and non-promoter groups). Total amount raised is about Rs. 7.62 crore. Post-allotment, paid-up equity capital rises to 3,01,80,000 shares from 2,25,60,000. This is part of a larger approved preferential issue of up to 2,03,50,000 shares, with phased allotments planned. The new shares will rank equally with existing equity. Listing and trading approval application will be filed with BSE.