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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

The performance of banks in Trump's economy can be attributed to several factors. During his presidency, the banking sector experienced significant growth, largely due to the implementation of business-friendly policies and deregulation efforts.

One major factor contributing to the success of banks was the Tax Cuts and Jobs Act (TCJA), which lowered the corporate tax rate from 35% to 21%. This reduction in taxes resulted in increased profits for banks, as they were able to retain more of their earnings.

Additionally, the deregulation of the financial industry, particularly the revision of the Dodd-Frank Act, eased regulatory burdens on banks. The Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA) signed into law in 2018, raised the threshold for systemically important financial institutions (SIFIs) from $50 billion to $250 billion in assets, reducing the number of banks subject to stricter regulations.

The strong economy, characterized by low unemployment and rising interest rates, also contributed to the success of banks. As interest rates increased, banks were able to earn more from their lending activities, further boosting their profits.

However, the thriving banking sector also raises concerns about the potential for excessive risk-taking and the impact on income inequality. The deregulation of the financial industry and the concentration of wealth among large banks may lead to increased systemic risk and decreased access to financial services for low-income communities.

Overall, the performance of banks in Trump's economy is a complex issue, reflecting both the positive effects of deregulation and tax cuts, as well as the potential negative consequences of increased risk-taking and income inequality.

Business

The performance of banks in Trump’s economy can be attributed to several factors. During his presidency, the banking sector experienced significant growth, largely due to the implementation of business-friendly policies and deregulation efforts. One major factor contributing to the success of banks was the Tax Cuts and Jobs Act (TCJA), which lowered the corporate tax rate from 35% to 21%. This reduction in taxes resulted in increased profits for banks, as they were able to retain more of their earnings. Additionally, the deregulation of the financial industry, particularly the revision of the Dodd-Frank Act, eased regulatory burdens on banks. The Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA) signed into law in 2018, raised the threshold for systemically important financial institutions (SIFIs) from $50 billion to $250 billion in assets, reducing the number of banks subject to stricter regulations. The strong economy, characterized by low unemployment and rising interest rates, also contributed to the success of banks. As interest rates increased, banks were able to earn more from their lending activities, further boosting their profits. However, the thriving banking sector also raises concerns about the potential for excessive risk-taking and the impact on income inequality. The deregulation of the financial industry and the concentration of wealth among large banks may lead to increased systemic risk and decreased access to financial services for low-income communities. Overall, the performance of banks in Trump’s economy is a complex issue, reflecting both the positive effects of deregulation and tax cuts, as well as the potential negative consequences of increased risk-taking and income inequality.

NewsPepr -

July 17, 2025