Spandana Sphoorty Financial Limited has informed the Exchange that Board of Directors at its meeting held on July 18, 2025, has decided to issue equity shares on rights basis in the ratio of 10 : 41, i.e 10 Equity Shares for every 41 Equity Shares held. Issue Price is 230 per share.
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Spandana Sphoorty Financial, an NBFC, has approved a rights issue of up to ₹400 crore through the issuance of 1.73 crore partly paid-up equity shares at ₹230 per share (including a ₹220 premium). The ratio is 10 rights shares for every 41 shares held, with the record date set for July 24, 2025. The issue opens on August 1 and closes on August 11, 2025. Shares will be issued on a partly paid basis, requiring ₹115 on application and the remaining ₹115 through one or more calls to be completed by March 31, 2027. Post-issue equity share count would rise from about 7.13 crore to about 8.87 crore, assuming full subscription.
Existing shareholders will be eligible to buy additional shares in the 10:41 ratio to maintain their stake; if they do not subscribe, their holding will be diluted. The partly paid-up structure eases the upfront cash burden, but the rights entitlement must be acted upon or traded before the issue closes on August 11, 2025. Use of proceeds is not specified in this filing.