1,69,05,255 Partly Paid Rights Shares Converted Into Fully Paid-Up Equity Shares
Spandana's Capital Raising Committee approved conversion of 1,69,05,255 partly paid-up rights shares (50% paid-up: ₹5.00 face value + ₹110.00 premium) of ₹10.00 face value each into fully paid-up equity shares.
- Partly Paid Shares Converted
- 1,69,05,255 partly paid-up Rights Equity Shares converted
- Face Value Per Share
- ₹10.00 face value each
- Earlier Payment Status
- 50% paid-up: ₹5.00 towards face value and ₹110.00 towards premium
- Conversion Status
- Converted into fully paid-up equity shares after receipt of First and Final Call money via ASBA
- ISIN
- INE572J01011
What happened
The Capital Raising Committee of the Board approved the conversion of partly paid-up Rights Equity Shares into fully paid-up equity shares, following receipt of the First and Final Call money.
The numbers
- 1,69,05,255 partly paid-up Rights Equity Shares of face value ₹ 10.00 each converted
- These were 50% paid-up, comprising ₹ 5.00 towards face value and ₹ 110.00 towards premium
- They become 1,69,05,255 fully paid-up equity shares of face value ₹ 10.00 each, bearing ISIN INE572J01011
How it was done
The conversion covers only those shares where the First and Final Call money was received, through the ASBA facility.
What it means for investors
Rights shares issued earlier on a partly paid basis now become fully paid ordinary shares, so these holders move to the regular equity line. The company had separately traded partly paid shares under the symbol SSFLPP. This is an administrative step completing the rights issue collection process rather than a fresh fund-raise announcement.
Also from Spandana Sphoorty Financial
India Ratings affirms IND BBB+ on Spandana's INR 5,000 million NCDs and INR 10,000 million bank loans; outlook revised to Stable
7 Oct 2026
More numbers
- Partly paid-up Rights Equity Shares converted1,69,05,255
- Face value per share₹ 10.00
- Paid-up proportion before conversion50%
- Amount paid towards face value₹ 5.00
- Amount paid towards premium₹ 110.00
- Fully paid-up equity shares issued on conversion1,69,05,255
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