Padmaja 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...

“The board has approved the transfer of stressed loan portfolio including written-off loans of Rs 323.08 crore outstanding as on September ...

Bajaj Finance, RIL, Tata Motors, SBI and ONGC were among the top losers on NSE.

Axis Bank is looking to strengthen its reach in the rural areas and acquiring a microfinance lender with greater range in rural areas is se...

ICICI Securities has buy call on Spandana Sphoorty Financial Ltd with a target price of Rs 840. The current market price of Spandana Sphoor...

A total of 946 shares changed hands on the counter till 10:44AM (IST).

However, Dr. Reddy's Lab, Grasim Inds., NTPC, Asian Paints and PowerGrid were among the top losers.

However, Bharti Infratel, Zee Ent., Bajaj Finance, IndusInd Bank and ICICI Bank were among the top losers.

The number of borrowers more than doubled to 24.6 lakh during the period.

At the issue price, the stock traded at price-to-adjusted book value (P/ABV) of 2.4 times.

Microfinance companies have to maintain a minimum capital adequacy (CAR) ratio of 15%.

The price band of the issue was fixed between Rs 853-856 per share. The issue will close on August 7.

The two cos had approached the markets regulator in June with their IPO papers.

Through the deal Spandana has securitised Rs 100 crore portfolio to Bandhan Bank through Pass Through Certificate.

The funding will be utilised by the microfinance company to increase its lending portfolio in the 586 branches operated by the company acro...

With this, Spandana has managed to wriggle out of its status as a defaulting institution and has repaid all its lenders

Micro finance company, Spandana, on Thursday said that it has crossed the cumulative disbursement mark of Rs 15,000 crore.