Spandana Sphoorty Financial rises on paying Rs 25 lakh to settle case with SEBI
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Spandana Sphoorty Financial is currently trading at Rs. 599.50, up by 6.05 points or 1.02% from its previous closing of Rs. 593.45 on the BSE.
The scrip opened at Rs. 599.50 and has touched a high and low of Rs. 600.55 and Rs. 599.50 respectively. So far 74 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 650.00 on 19-Sep-2022 and a 52 week low of Rs. 288.75 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 619.80 and Rs. 585.00 respectively. The current market cap of the company is Rs. 4255.45 crore.
The promoters holding in the company stood at 63.59%, while Institutions and Non-Institutions held 16.77% and 19.63% respectively.
Spandana Sphoorty Financial (SSFL) has settled with markets regulator Sebi a case pertaining to alleged non-compliance with the regulatory norms after paying Rs 25 lakh as a settlement amount. SSFL had approached Sebi to settle the alleged violations 'without admitting or denying the findings' through a settlement order.
Spandana Sphoorty Financial is a leading, rural focused NBFC-MFI with a geographically diversified presence in India.
