Spandana Sphoorty Financial Limited announced a rights issue to raise up to ₹400 crore through the issuance of 1,73,91,304 partly paid-up equity shares at a price of ₹230 per share. The record date for determining eligible shareholders is set for July 24, 2025, and the rights issue will open on August 01, 2025, closing on August 11, 2025.
| Particulars | Details |
|---|---|
| Total Issue Size | ₹400 Crore |
| Number of Rights Equity Shares | 1,73,91,304 |
| Rights Issue Price | ₹230 per share (including a premium of ₹220 per share) |
| Record Date | July 24, 2025 |
| Rights Issue Opening Date | August 01, 2025 |
| Closure of Rights Entitlement Trading | August 06, 2025 |
| Rights Issue Closing Date | August 11, 2025 |
| Rights Entitlement Ratio | 10 Rights Equity Shares for every 41 Equity Shares held |
| ISIN for Rights Entitlement | INE572J20011 |
Rights Issue Terms and Payment Schedule
The issue price of ₹230 per rights equity share includes a face value of ₹10 and a premium of ₹220. The payment will be structured in installments, with ₹115 payable on application, comprising ₹5 towards face value and ₹110 towards premium. The remaining amount will be collected through one or more subsequent calls, as determined by the Board or Capital Raising Committee, to be completed on or before March 31, 2027, unless extended.
Outstanding Equity Shares
Prior to the rights issue, the company has 7,13,05,144 equity shares. Post the rights issue, the number of equity shares will increase to 8,86,96,448, assuming full subscription.
Additional Approvals
The Board has also approved the Letter of Offer, which will be filed with the Securities and Exchange Board of India (SEBI), BSE Limited, and National Stock Exchange of India Limited.
Corporate Information
The meeting of the Board of Directors, during which these decisions were made, commenced at 03:00 p.m. and concluded at 03:50 p.m. on July 18, 2025.
