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Spandana Sphoorty Unveils ₹400 Crore Rights Issue to Rebuild Capital Base

Updated: July 18, 2025 18:23

Image Source : Moneycontrol
Spandana Sphoorty Financial Ltd has launched a ₹400 crore rights issue aimed at strengthening its balance sheet and supporting future growth, following a turbulent FY25 marked by losses and governance challenges.
 
Key highlights:

- The issue comprises 17.4 million equity shares priced at ₹230 each, fully payable on application.

- Rights entitlement ratio is 10 shares for every 41 held, offering existing shareholders a chance to deepen their stake at a discount.
 
Strategic context:

- The capital raise is part of a broader ₹750 crore equity infusion plan for FY26, with promoter Kedaara Capital expected to participate.

- Proceeds will be used to augment lending capacity, reduce debt, and restore investor confidence after a ₹1,035 crore net loss in FY25.
 
Market outlook:

- The offer comes amid rising competition in the microfinance sector and aims to position Spandana for recovery and expansion in underserved regions.
 
Sources: Economic Times, Moneycontrol, IPO Central, Trendlyne, CNBC TV18

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