{"id":108605,"date":"2023-08-31T13:56:32","date_gmt":"2023-08-31T08:26:32","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=108605"},"modified":"2023-08-31T13:56:33","modified_gmt":"2023-08-31T08:26:33","slug":"shares-of-spandana-sphoorty-financial-have-been-sold-by-four-entities-for-rs-268-crore","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/shares-of-spandana-sphoorty-financial-have-been-sold-by-four-entities-for-rs-268-crore\/","title":{"rendered":"Shares of Spandana Sphoorty Financial have been sold by four entities for Rs 268 crore"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2145301236\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>In open market transactions on Wednesday, four entities sold shares of the NBFC company <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/SPANDANA\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Spandana Sphoorty<\/a><\/strong> Financial for Rs 268 crore.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3694186672\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Valiant Mauritius Partners FDI, Valiant India Opportunities, Valiant Mauritius Partners and Valiant Mauritius Partners Offshore were the entities that sold the shares of Spandana Sphoorty Financial on the BSE.<\/p><p>According to BSE Bulk Deal data, they offloaded a total of 35 lakh shares of Spandana in four tranches.<\/p><p>The shares were sold in the price range of Rs 765-765.38 apiece, taking the combined transaction value to Rs 267.78 crore.<\/p><div class=\"trade-content_5\" id=\"trade-2096276517\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Meanwhile, Max Life Insurance Company bought more than 13.52 lakh shares in two tranches and Kotak Mahindra Life Insurance Company bought 9.24 lakh shares of Spandana Sphoorty Financial at an average price of Rs 765 apiece.<\/p><p>This took the combined deal value to Rs 174.24 crore.<\/p><p>On Wednesday, shares of Spandana Sphoorty Financial declined 2.70 per cent to close at Rs 799.10 apiece on the BSE.<\/p><p>As per the company filings, the total consolidated revenue increased by 103% YoY from Rs. 258.8 Cr in Q1 FY23 to Rs. 527.2 Cr in Q1 FY24 and the company reported a net profit of Rs. 119.4 Cr in Q1 FY24 against a loss of Rs. 219.7 Cr in Q1 FY23.<\/p><p>As a microfinance organization, Spandana Sphoorty Financial Limited conducts business. It primarily provides income-generating loans to women from low-income rural households using the joint liability group model. Additionally, it provides loans for gold, interim loans, loans secured by property, and other things.<\/p><div class=\"trade-after-content\" id=\"trade-1851250124\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>In open market transactions on Wednesday, four entities sold shares of the NBFC company Spandana Sphoorty Financial for Rs 268 crore. Valiant Mauritius Partners FDI, Valiant India Opportunities, Valiant Mauritius Partners and Valiant Mauritius Partners Offshore were the entities that sold the shares of Spandana Sphoorty Financial on the BSE. According to BSE Bulk Deal [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":81130,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-108605","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Shares of Spandana Sphoorty Financial have been sold by four entities for Rs 268 crore - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"In open market transactions on Wednesday, four entities sold shares of the NBFC company Spandana Sphoorty Financial for Rs 268 crore.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/shares-of-spandana-sphoorty-financial-have-been-sold-by-four-entities-for-rs-268-crore\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shares of Spandana Sphoorty Financial have been sold by four entities for Rs 268 crore\" \/>\n<meta property=\"og:description\" content=\"In open market transactions on Wednesday, four entities sold shares of the NBFC company Spandana Sphoorty Financial for Rs 268 crore.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/shares-of-spandana-sphoorty-financial-have-been-sold-by-four-entities-for-rs-268-crore\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-31T08:26:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-31T08:26:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/money-cover-image-3.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/shares-of-spandana-sphoorty-financial-have-been-sold-by-four-entities-for-rs-268-crore\/\",\"url\":\"https:\/\/tradebrains.in\/features\/shares-of-spandana-sphoorty-financial-have-been-sold-by-four-entities-for-rs-268-crore\/\",\"name\":\"Shares of Spandana Sphoorty Financial have been sold by four entities for Rs 268 crore - 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