Description
BSE announces listing of 1,73,34,362 partly paid-up equity shares of Spandana Sphoorty Financial Ltd issued on rights basis, effective August 18, 2025.
Summary
BSE announces the listing of 1,73,34,362 partly paid-up equity shares of Spandana Sphoorty Financial Ltd issued through rights offering. The shares will be listed in the ‘B’ Group of securities with scrip code 890221 and will commence trading from Monday, August 18, 2025.
Key Points
- 1,73,34,362 equity shares of Rs. 10/- each, partly paid-up of Rs. 5/-
- Issue price: Rs. 230/- (Rs. 115/- paid on application, Rs. 115/- in future calls)
- Scrip code: 890221, ISIN: IN9572J01019
- Trading symbol: SSFLPP
- Market lot: 1 share
- Allotment date: August 12, 2025
- Distinctive numbers: 71305145 to 88639506
Regulatory Changes
Temporary ISIN No. IN8572J01028 has been suspended in accordance with SEBI Circulars CIR/MRD/DP/21/2012 and CIR/MRD/DP/24/2012 regarding ISIN activation for additional share issues.
Compliance Requirements
Trading members must note the new securities details and the suspension of the temporary ISIN. The company’s board will determine the timing of future calls for the remaining Rs. 115/- payment at its discretion.
Important Dates
- Allotment Date: August 12, 2025
- Trading Commencement: August 18, 2025
- Notice Date: August 14, 2025
Impact Assessment
This rights issue listing provides existing shareholders with additional equity participation in Spandana Sphoorty Financial. The partly paid-up nature allows investors to pay the full amount in installments, reducing immediate capital requirements while maintaining dividend entitlement proportionate to paid-up amount.
Impact Justification
Standard rights issue listing with moderate market impact for shareholders of Spandana Sphoorty Financial