Spandana Sphoorty Financial raised Rs 250 crore via bonds, below the Rs 300 crore target, with 11% coupon and 30-month maturity, amid asset-quality stress and BBB+ rating with negative outlook.
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.
Seven BSE 150 MidCap stocks scaled fresh 52-week highs as Sensex surged 776 points in a broad-based rally. Lloyds Metals & Energy, Laurus Labs and
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