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Kedaara in talks with Yes Bank for sale of Spandana SphoortyAbout 18 months ago, Kedaara had shelved a similar plan following allegations by Spandana founder Padmaja Gangireddy that it was selling of...
Founder Padmaja Gangireddy plans to sell shares worth Rs 100 crore in Spandana Sphoorty Financial, engages investment banker to explore block dealPadmaja Gangireddy, founder of Spandana Sphoorty Financial, plans to sell a part of her 14.5% share in the firm she left one-and-a-half yea...
Spandana Sphoorty shares jump 10%, hit 52-week high post Q4 resultsSpandana Sphoorty Financial's Q4 FY23 net profit increased by 268% to INR 105.55 crore ($14.1m), which boosted the company's shares by almo...
Spandana Sphoorty shares hit 5% upper circuit on sale of stressed loan“The board has approved the transfer of stressed loan portfolio including written-off loans of Rs 323.08 crore outstanding as on September ...
Spandana Sphoorty Financial pays Rs 25L to settle case with SebiSSFL is registered with the Reserve Bank of India (RBI) since April 2015. Pursuant to its initial public offer, its shares were listed on t...
Buy Spandana Sphoorty Financial, target price Rs 750: ICICI SecuritiesSpandana Sphoorty Financial Ltd., incorporated in the year 2003, is a Mid Cap company (having a market cap of Rs 4349.78 Crore) operating i...
Spandana Sphoorty posts net loss of Rs 220 cr for Jun qtrThe company's core interest income slipped to Rs 244 crore during the quarter against Rs 397 crore.There was a pre-provision operating prof...
Down over 69% from its 52-week high! ICICI Securities upgrades this stock to 'Buy'ICICI Securities, in its recent report, however, has upgraded the stock to 'Buy' from 'Add' earlier with a revised target price of Rs 550, ...
Spandana Sphoorty tanks over 8% after muted performance in Q1Its consolidated total income also declined sharply from Rs 480.3 crore in Q4FY21 to Rs 299.1 crore in Q4FY22. Its business operations were...
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.
Buy Spandana Sphoorty Financial, target price Rs 430: HDFC SecuritiesSpandana Sphoorty Financial Ltd., incorporated in the year 2003, is a Mid Cap company (having a market cap of Rs 2435.92 Crore) operating i...
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 ...
Spandana Sphoorty sheds 5% as delayed Q2 results show Rs 58-cr net lossThe microfinance lender delayed the announcement of its second-quarter results as it failed to complete the audit in time due to the flux i...
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 ...
Promoter-investor tussle hits Spandana Sphoorty MFIThe board of Spandana has accepted MD Padmaja G Reddy's resignation with immediate effect. It will be hiring an eminent industry veteran as...
Buy Spandana Sphoorty, target price Rs 840: ICICI SecuritiesICICI Securities has buy call on Spandana Sphoorty Financial Ltd with a target price of Rs 840. The current market price of Spandana Sphoor...
Buy Spandana Sphoorty Financial, target price Rs 800: Yes SecuritiesThe brokerage is positive about profitability/growth normalization in FY22.