Spandana Sphoorty to Consider ₹400 Crore Rights Issue on July 18

Spandana Sphoorty Financial Limited has announced that a meeting of its Board of Directors will be held on July 18, 2025, to consider and decide on various matters related to a rights issue. The rights issue, approved earlier, aims to raise up to ₹400 crore through the issuance of partly paid-up equity shares of face value ₹10 each to eligible shareholders.The board will determine the specific terms of the Rights Issue, including the issue price, payment mechanism, rights entitlement ratio, record date, and timing. This decision follows an earlier announcement on July 15, 2025, regarding the Board's approval of the rights issue.The announcement was made on July 15, 2025, and is in compliance with Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information is also available on the company's website.