Spandana Sphoorty Financial Limited has informed the Exchange about Copy of Newspaper Publication
SPANDANA · price
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Spandana Sphoorty Financial has published the post-issue advertisement for its Rights Issue in Financial Express, Jansatta, and Mana Telangana on August 14, 2025, as required under SEBI ICDR Regulations. The Rights Issue was for up to 1,73,91,304 partly paid-up equity shares of face value Rs. 10 at Rs. 230 per share (including Rs. 220 premium), aggregating up to Rs. 400 crore. The basis of allotment shows 13,305 valid applications received and 17,33,362 total Rights Equity Shares allotted (around 99.7% from eligible shareholders and 0.3% from renouncees). The indicative date of listing of the partly paid-up shares is now on or around August 18, 2025, following a corrigendum to the Letter of Offer dated July 18, 2025.
Shareholders and renouncees who applied for the rights entitlement have received allotment, and the new partly paid-up equity shares are expected to list around August 18, 2025. The stock may see increased trading activity and dilution once the rights shares begin trading on the exchanges.