Archive · 18 Jul 2025
Spandana Sphoorty to Raise ₹400 Cr via Rights Issue
Spandana Sphoorty Financial is offering shares to existing shareholders to get money.
This is called a rights issue.
Shareholders who owned shares on July 24, 2025, can buy new shares at a price of ₹230 each.
The company hopes to raise up to ₹400 crore.
The payment will be split.
Shareholders will pay half the price upfront, and the rest later.
The issue opens in August 2025.
Spandana Sphoorty Financial will issue rights equity shares to raise up to ₹400 crore.
The rights issue price is ₹230 per share, with a face value of ₹10.
The record date is July 24, 2025, and the issue opens on August 1, 2025.
Eligible shareholders can renounce their rights entitlements until August 6, 2025.
Payment is in installments, with ₹115 payable on application.
- Who
- Spandana Sphoorty Financial is offering the rights issue to its shareholders.
- What
- Spandana Sphoorty Financial is issuing rights equity shares.
- When
- The record date is July 24, 2025; the issue opens August 1, 2025, and closes August 11, 2025.
- Where
- N/A
- Why
- The company is issuing shares to raise up to ₹400 crore.
- Rights Issue Size
- Up to ₹400 crore
- Rights Issue Price
- ₹230 per share
- Face Value
- ₹10
- Record Date
- July 24, 2025
- Issue Open Date
- August 1, 2025
- Issue Close Date
- August 11, 2025
- Renunciation Deadline
- August 6, 2025
