Spandana Sphoorty Financial raises Rs 400 Crore through rights issue amid oversubscription

Spandana Sphoorty Financial announced the allotment of 17.3 million partly paid-up equity shares at ₹230 each to existing investors who participated in the rights issue. This allotment increases the company’s paid-up equity share capital to ₹80 crore. While the rights issue was oversubscribed, the company allotted slightly less than the targeted 17.4 million shares.

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