Spandana Sphoorty Financial Limited has informed the Exchange about Copy of Newspaper Publication- Opening of Rights issue of partly paid-up equity shares of the Company.
SPANDANA · price
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Spandana Sphoorty Financial Limited has announced the opening of a Rights Issue to raise up to ₹400 crore. The company is offering up to 1,73,91,304 partly paid-up equity shares at ₹230 per share (including a premium of ₹220 over the face value of ₹10). Eligible shareholders can subscribe in the ratio of 10 Rights Equity Shares for every 41 fully paid-up equity shares held as on the record date of July 24, 2025. The issue opened on August 1, 2025, with the last date for renunciation on August 6, 2025, and closes on August 11, 2025. The promoter, Kangchenjunga Limited, will be participating in the issue.
Existing shareholders will need to decide whether to subscribe, renounce, or let their rights entitlements lapse by August 11, 2025. The ₹400 crore capital raise could dilute earnings per share but will strengthen the company's capital base for growth in the microfinance segment.