Keybridge Capital has applied to the takeovers panel regarding Vintage Energy (ASX:VEN), a major shareholder.

The application disputes Vintage Energy's $8 million capital raising, deeming it excessive, costly, and dilutive.

Key points include objections to the scale of the raise surpassing Vintage's actual requirements, the non-renounceable nature of the entitlement offer, and the dismissal of underwriting interest.

Keybridge seeks interim measures to halt the capital raise and final orders for equitable treatment of shareholders.