Spandana Sphoorty Financial on 10 Jan. approved the proposal of raising of funds by way of issuance of securities through private offerings and/or qualified institutions placement or other permissible mode, in one or more tranches, upto Rs 300 crore.
A host of companies are lined up to present their Q3 earnings, belonging to sectors from pharma, textiles and even NBFCs among others.
Healthcare stocks were trading with gains, with the S&P BSE Healthcare index rising 102.76 points or 0.4% at 25762.13 at 09:51 IST.
The company said that the Transferor Company and Transferee Company's business activities complement each other and can be advantageously combined.
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