Spandana Sphoorty Financial plans Rs 750-crore capital raise with Kedaara Capital's equity infusion

Spandana Sphoorty Financial is considering a rights issue, potentially with Kedaara Capital's participation, to raise Rs 750 crore and bolster investor confidence after a significant annual loss and rising bad loans. The move mirrors Fusion Finance's experience, where a similar infusion led to a market capitalization jump. The microfinance sector faces broader challenges, including overleveraging and high NPAs.

from Stocks-Markets-Economic Times https://ift.tt/D3U0WPa