SPANDANA

Sphoorty Board Approves ₹400 Crore Rights Issue; Sets Record Date & Issue Period

Spandana Sphoorty Financial Limited announced the terms of its Rights Issue, aiming to raise up to ₹400 crore. The Board, in a meeting on July 18, 2025, approved the issuance of 1,73,91,304 Rights Equity Shares. The Rights Issue Price is ₹230.00 per Rights Equity Share, including a premium of ₹220.00. Payment schedule: ₹115.00 per share payable on application, and the remaining ₹115.00 on one or more subsequent call(s) by March 31, 2027. The Record Date for determining eligible shareholders is Thursday, July 24, 2025. The Rights Issue will open on Friday, August 01, 2025, and close on Monday, August 11, 2025