Spandana Sphoorty Financial Limited has informed the Exchange regarding allotment of 17334362 securities pursuant to Rights Issue at its meeting held on August 12, 2025
SPANDANA · price
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Awaiting price reaction for this filing.
Spandana Sphoorty Financial has completed the allotment of 1.73 crore partly paid-up equity shares under its Rights Issue, priced at ₹230 per share (including a premium of ₹220). The issue was oversubscribed marginally, with 1.74 crore shares applied for against the 1.73 crore allotted. As a result, the company's paid-up equity share capital has risen from ₹71.30 crore to ₹79.97 crore, a jump of about ₹8.67 crore (partly paid portion). The Capital Raising Committee approved the allotment at its meeting on August 12, 2025, finalised in consultation with NSE as the designated stock exchange.
The Rights Issue has been successfully completed, strengthening the company's capital base. For shareholders, this means dilution from new partly paid-up shares, and they may need to pay the balance call money later. In the short term, the stock may see some price pressure as the ex-rights adjustments settle.