Spandana Sphoorty Financial Limited has informed the Exchange that Record date for the purpose of Rights is 24-Jul-2025.
SPANDANA · price
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Spandana Sphoorty Financial is raising up to ₹400 crore through a rights issue of partly paid-up equity shares. The issue comprises 1,73,91,304 shares priced at ₹230 each (face value ₹10 + premium ₹220). Shareholders will get 10 rights shares for every 41 equity shares held on the record date of July 24, 2025. Payment is split in two tranches: ₹115 per share on application and ₹115 per share on subsequent call(s) to be completed by March 31, 2027. The issue opens on August 1, 2025 and closes on August 11, 2025. If fully subscribed, total outstanding shares will rise from about 7.13 crore to 8.87 crore.
Existing shareholders can maintain their ownership by subscribing, but those who do not participate will see their stake diluted. The partly paid-up structure eases the immediate cash burden, with the balance payable only when the company makes future calls.