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SPANDANA SPHOORTY FOUNDER
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 net profit rises 50% to Rs 75 cr in March-qtrSpandana had informed the stock exchanges about delay in submitting the financial results for the financial year ended March 31, 2022 as it...
- Padmaja Reddy rules out signing non-compete clause with present Spandana Sphoorty managementReddy founded Spandana in 1998 and successfully revived it to one of the country’s biggest microfinance lenders after going through the ord...
- Spandana Sphoorty's founder and former MD Padmaja Reddy moves courtSpandana called a board meeting on March 18 and announced the appointments of Saxena as MD and Ashish Damani as chief financial officer for...
- 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 ...
- Kedaara Capital and Valiant to buy Spandana preference shares at 21% premiumThe lender is in the process of seeking shareholders' approval for the same through e-voting, which commenced on February 15 and will conti...
- Padmaja Reddy plans her second stint, to build Keertana FinancialKeertana Financial would focus on secured gold loans and small ticket business loans, Reddy told ET in an exclusive interaction.
- 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...
- Spandana Sphoorty posts Rs 59 crore loss in Q2Spandana Sphoorty Financial, which was caught in a bitter fight between its promoter and private equity investor Kedaara Capital, reported ...
- 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 ...
- IndusInd won't release unit's executives Spandana says it's hiringSpandana Sphoorty had announced it was hiring Shalabh Saxena as managing director and chief executive, and Ashish Damani as chief financial...
- IndusInd Bank, Spandana Sphoorty spar over top management appointmentsIndusInd said the announcement regarding the hire of CEO wasn't correct because Shalabh Saxena hasn't yet resigned from Bharat Financial In...
- 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...
- Padmaja Reddy alleges exorbitant salary for new Spandana CEO, wants curb on salary for MFI chiefsEarlier, Spandana Sphoorty Financial managing director Padmaja G Reddy resigned from the microfinance lender following disagreement with pr...
- 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...
- Market Movers: A Big Bull bet is down in dumps and Diwali bash on realty countersBacked by veteran investor Rakesh Jhunjhunwala, the gaming technology company had caught investors’ imagination over the past nine months. ...
- Spandana to launch Rs 1200 crore IPOMicrofinance companies have to maintain a minimum capital adequacy (CAR) ratio of 15%.
- 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
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