Spandana Sphoorty Financial Limited — QIP/Rights/Pref., 18-07-2025: Rights Issue

Spandana Sphoorty has announced a Rights Issue to raise up to ₹400 Cr. Existing shareholders can subscribe for 10 new shares for every 41 shares held, priced at ₹230 per share. The record date for eligibility is July 24, 2025. This offers a chance for current investors to maintain or increase their ownership. Non-participation may lead to a slight dilution of their stake. The issue price is payable in two parts: ₹115 upfront and the remainder later. This move will boost the company's capital base.