Spandana Sphoorty Financial’s ₹400-crore rights issue, opening August 1, has secured participation from its top 10 institutional investors, including Kedaara Capital, which holds 48.13%. Despite a net loss in FY25, the company aims to restore stakeholder confidence through this issue. Kedaara Capital may extend its investment beyond its scheduled exit in September 2026.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets