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SPANDANA SPHOORTY FINANCE
As costs remain high, MFIs raise ratesMicrofinance lending rates are rising for the poorest borrowers. This is happening despite a government credit guarantee scheme designed to...
Zaggle CFO Aditya Kumar steps down; Rajesh Tummalaganti named interim finance chiefKumar cited personal reasons for his resignation. Tummalaganti, who brings over two decades of experience, began his career at Ernst & Youn...
Stock market update: Stocks that hit 52-week lows on NSEBajaj Auto, M&M, Bajaj Finance, Wipro and Tata Steel were among the top losers on NSE.
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 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 ...
Stock market update: Stocks that hit 52-week lows on NSEBajaj Finance, RIL, Tata Motors, SBI and ONGC were among the top losers on NSE.
Spandana Sphoorty rises 29% in 3 days on buzz Axis Bank may buy stakeAxis Bank is looking to strengthen its reach in the rural areas and acquiring a microfinance lender with greater range in rural areas is se...
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...
Trending stocks: Spandana Sphoorty shares gain over 1%A total of 946 shares changed hands on the counter till 10:44AM (IST).
Stock market update: 16 stocks hit 52-week lows on NSEHowever, Dr. Reddy's Lab, Grasim Inds., NTPC, Asian Paints and PowerGrid were among the top losers.
Stock market update: 3 stocks hit 52-week lows on NSEHowever, Bharti Infratel, Zee Ent., Bajaj Finance, IndusInd Bank and ICICI Bank were among the top losers.
Spandana Sphoorty showing strong fundamentals, visible growth curveThe number of borrowers more than doubled to 24.6 lakh during the period.
Spandana Sphoorty lists at 4% discount to issue priceAt the issue price, the stock traded at price-to-adjusted book value (P/ABV) of 2.4 times.
Spandana to launch Rs 1200 crore IPOMicrofinance companies have to maintain a minimum capital adequacy (CAR) ratio of 15%.
Spandana Sphoorty's Rs 1,200-crore IPO to open on August 5The price band of the issue was fixed between Rs 853-856 per share. The issue will close on August 7.
Bharat Hotels, Spandana Sphoorty get Sebi's go-ahead for IPOThe two cos had approached the markets regulator in June with their IPO papers.
Micro lender Spandana Sphoorty raises Rs 100 crore from Bandhan Bank in securitisation dealThrough the deal Spandana has securitised Rs 100 crore portfolio to Bandhan Bank through Pass Through Certificate.
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...
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 disbursements cross Rs 15,000 cr mark
Micro finance company, Spandana, on Thursday said that it has crossed the cumulative disbursement mark of Rs 15,000 crore.