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Spandana Sphoorty Financial Limited, a non-banking financial company (NBFC) in India, has announced plans to launch a rights issue of up to Rs 400 crore. The rights issue will be offered at a significant discount to the current market price of the company's shares.

According to reports, the rights issue will be offered at a price of Rs 140-150 per share, which is a steep discount of around 30-40% to the current market price of the company's shares. The company's shares were trading at around Rs 240-250 per share on the BSE and NSE before the announcement.

The rights issue is expected to help the company raise capital to meet its business growth plans and strengthen its balance sheet. The company plans to use the proceeds from the rights issue to fund its lending activities, pay off debts, and meet other business expenses.

The rights issue will be open to existing shareholders of the company, who will be eligible to subscribe to the new shares in proportion to their existing shareholding. The issue is expected to be launched in the coming weeks and will be open for subscription for a period of around 2-3 weeks.

Spandana Sphoorty Financial Limited is a leading microfinance institution in India, providing financial services to low-income households and small businesses. The company has a strong presence in the southern states of India and has been growing rapidly in recent years.

The company's decision to launch a rights issue at a steep discount is likely to be a positive move for the company, as it will help to raise capital at a lower cost and reduce the company's debt burden. However, the discount may also be a negative for existing shareholders, who may see the value of their holdings diluted as a result of the issue.

Overall, the rights issue is expected to be a significant development for Spandana Sphoorty Financial Limited and its shareholders, and will be closely watched by investors and analysts in the coming weeks.

Business

Spandana Sphoorty Financial Limited, a non-banking financial company (NBFC) in India, has announced plans to launch a rights issue of up to Rs 400 crore. The rights issue will be offered at a significant discount to the current market price of the company’s shares. According to reports, the rights issue will be offered at a price of Rs 140-150 per share, which is a steep discount of around 30-40% to the current market price of the company’s shares. The company’s shares were trading at around Rs 240-250 per share on the BSE and NSE before the announcement. The rights issue is expected to help the company raise capital to meet its business growth plans and strengthen its balance sheet. The company plans to use the proceeds from the rights issue to fund its lending activities, pay off debts, and meet other business expenses. The rights issue will be open to existing shareholders of the company, who will be eligible to subscribe to the new shares in proportion to their existing shareholding. The issue is expected to be launched in the coming weeks and will be open for subscription for a period of around 2-3 weeks. Spandana Sphoorty Financial Limited is a leading microfinance institution in India, providing financial services to low-income households and small businesses. The company has a strong presence in the southern states of India and has been growing rapidly in recent years. The company’s decision to launch a rights issue at a steep discount is likely to be a positive move for the company, as it will help to raise capital at a lower cost and reduce the company’s debt burden. However, the discount may also be a negative for existing shareholders, who may see the value of their holdings diluted as a result of the issue. Overall, the rights issue is expected to be a significant development for Spandana Sphoorty Financial Limited and its shareholders, and will be closely watched by investors and analysts in the coming weeks.

NewsPepr -

July 18, 2025

India's reliance on coal is a stark reality that cannot be ignored in the country's pursuit of clean energy. With a growing population and increasing energy demands, coal has been the primary source of power generation in India, accounting for over 70% of the country's electricity production.

While the Indian government has set ambitious targets to increase the share of non-fossil fuels in the energy mix, the reality is that coal will continue to play a significant role in the country's energy landscape for the foreseeable future. In fact, the International Energy Agency (IEA) estimates that coal will remain the largest source of power generation in India until at least 2040.

There are several reasons why India cannot wish away coal. Firstly, the country's vast coal reserves, estimated to be over 300 billion tonnes, make it an attractive and affordable option for power generation. Secondly, the existing infrastructure, including coal-fired power plants, railway networks, and ports, is designed to support coal-based power generation.Thirdly, the cost of transitioning to cleaner energy sources, such as solar and wind power, is still prohibitively expensive for many Indian households and businesses.

Moreover, India's energy security concerns and economic development priorities also make it challenging to abandon coal entirely. The country's rapid industrialization and urbanization have created a huge demand for energy, which coal is currently meeting. Furthermore, the Indian government has also been promoting coal gasification and liquefaction as a way to produce cleaner fuels and reduce dependence on imported fuels.

That being said, India is taking steps to reduce its dependence on coal and transition to cleaner energy sources. The government has set a target of achieving 40% of its installed power capacity from non-fossil fuels by 2030 and has implemented policies to promote the use of renewable energy sources, such as solar and wind power.

In addition, India is also exploring newer technologies, such as carbon capture and storage (CCS), to reduce the environmental impact of coal-based power generation. The country has also launched initiatives to improve the efficiency of coal-fired power plants and reduce pollution from coal mining and transportation.

In conclusion, while India's reliance on coal is a reality that cannot be ignored, the country is taking steps to transition to cleaner energy sources and reduce its dependence on fossil fuels. However, this transition will be gradual, and coal will continue to play a significant role in India's energy mix for the foreseeable future.

World

India’s reliance on coal is a stark reality that cannot be ignored in the country’s pursuit of clean energy. With a growing population and increasing energy demands, coal has been the primary source of power generation in India, accounting for over 70% of the country’s electricity production. While the Indian government has set ambitious targets to increase the share of non-fossil fuels in the energy mix, the reality is that coal will continue to play a significant role in the country’s energy landscape for the foreseeable future. In fact, the International Energy Agency (IEA) estimates that coal will remain the largest source of power generation in India until at least 2040. There are several reasons why India cannot wish away coal. Firstly, the country’s vast coal reserves, estimated to be over 300 billion tonnes, make it an attractive and affordable option for power generation. Secondly, the existing infrastructure, including coal-fired power plants, railway networks, and ports, is designed to support coal-based power generation.Thirdly, the cost of transitioning to cleaner energy sources, such as solar and wind power, is still prohibitively expensive for many Indian households and businesses. Moreover, India’s energy security concerns and economic development priorities also make it challenging to abandon coal entirely. The country’s rapid industrialization and urbanization have created a huge demand for energy, which coal is currently meeting. Furthermore, the Indian government has also been promoting coal gasification and liquefaction as a way to produce cleaner fuels and reduce dependence on imported fuels. That being said, India is taking steps to reduce its dependence on coal and transition to cleaner energy sources. The government has set a target of achieving 40% of its installed power capacity from non-fossil fuels by 2030 and has implemented policies to promote the use of renewable energy sources, such as solar and wind power. In addition, India is also exploring newer technologies, such as carbon capture and storage (CCS), to reduce the environmental impact of coal-based power generation. The country has also launched initiatives to improve the efficiency of coal-fired power plants and reduce pollution from coal mining and transportation. In conclusion, while India’s reliance on coal is a reality that cannot be ignored, the country is taking steps to transition to cleaner energy sources and reduce its dependence on fossil fuels. However, this transition will be gradual, and coal will continue to play a significant role in India’s energy mix for the foreseeable future.

NewsPepr -

July 15, 2025