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SPANDANA EQUITY RAISE
Spandana Sphoorty Financial raises Rs 400 crore through rights issue amid oversubscriptionSpandana Sphoorty Financial announced the allotment of 17.3 million partly paid-up equity shares at ₹230 each to existing investors who par...- Spandana's top ten investors to buy into Rs 400-crore rights issueSpandana Sphoorty Financial's ₹400-crore rights issue, opening August 1, has secured participation from its top 10 institutional investors,...
- Spandana Sphoorty to launch Rs 400 crore rights issue at steep discountSpandana Sphoorty Financial will open a ₹400 crore rights issue on August 1 at ₹230 per share—nearly 25% below market price—to address asse...
- Spandana Sphoorty to raise Rs 400 crore via rights issue for FY26 plansSpandana Sphoorty Financial will raise up to Rs 400 crore through a rights issue as part of its Rs 750 crore FY26 equity plan. Board meets ...
- Spandana Sphoorty Financial plans Rs 750-crore capital raise with Kedaara Capital's equity infusionSpandana Sphoorty Financial is considering a rights issue, potentially with Kedaara Capital's participation, to raise Rs 750 crore and bols...
- Spandana shareholders okay Rs 300 crore fundraisingA little over 81% of the company's shareholders approved the preferential allotment. Special resolutions like these needed 75% approval.
- Fresh trouble brewing at Spandana Sphoorty: Padmaja Reddy to challenge preferential allotment to Kedaara CapitalMicrofinance lender Spandana Sphoorty Financial faces fresh troubles over fundraising as some minority shareholders get ready to challenge ...
- Market Movers: Axis Bank loses Spandana; Paytm, Nykaa burdened by anchorsFor investors, the saga has come to a disappointing end with Axis Bank likely pulling the plug on the potential acquisition. Shares of the ...
- New twist in Spandana founder and Kedaara Capital's public spatThe new management at Spandana has also hired an independent agency to probe into issues concerning the IT system and operations of Criss F...
- Spandana Sphoorty IPO overall subscribed 1.05 timesSpandana Sphoorty has fixed a price band of Rs 853-856 per share for the public offer.
- Spandana Sphoorty IPO subscribed 30% on Day 2The company is looking to raise around Rs 1,200 crore from the primary market.
- Growth potential, low NPAs make Spandana a good buyThe promoters will also sell a portion of existing shares worth up to Rs 801 crore.
- Spandana to launch Rs 1200 crore IPOMicrofinance companies have to maintain a minimum capital adequacy (CAR) ratio of 15%.
- Penver Products files IPO papers with SebiPenver's total income has grown to Rs 698.42 crore in 2017-18 from Rs 205.52 crore in 2015-16.
- Micro-finance lender Spandana Sphoorty raises Rs 125 cr in equity, month after raising Rs 400 cr in debtWhile the investment from Birla was in the form of non-convertible debentures, this is the second equity raised by Spandana post its emerge...
- Birla Mutual Fund invests Rs 400 crore in micro-finance company Spandana SphoortyThe funding will be utilised by the microfinance company to increase its lending portfolio in the 586 branches operated by the company acro...
- From brink of bankruptcy to Rs 1,850 crore portfolio: Amazing story of Spandana Sphoorty FinancialIn 2011, Spandana was saddled with Rs 2,200 cr of debt amid microfinance crisis in Andhra Pradesh. 6 years later, it is a leader of the len...
- Spandana Sphoorty raises $270mn in fresh fundingWith this, Spandana has managed to wriggle out of its status as a defaulting institution and has repaid all its lenders
- Spandana to raise Rs 300 crSpandana Microfinance, the second-largest MFI in the country, is set to raise Rs 300 crore by diluting a part of its stake to investors by ...
- Hyderabad MFI Spandana eyes Rs 100-cr PE infusionPrivate equity investors are betting big on microfinance institutions (MFI) in these turbulent times, as valuations are becoming more attra...
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