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Spandana Sphoorty Financial gets nod to raise funds through NCDs

13 Jun 2020 Evaluate
Spandana Sphoorty Financial’s Board of Directors has approved an issuance of 1000 rated, listed, secured, redeemable Non-Convertible Debentures (NCDs) having a face value of Rs 10 lakh each aggregating upto an amount of Rs 100 crore on a private placement basis. The Board of Directors of the company at its meeting held on June 13, 2020, has approved the same.

Spandana Sphoorty Financial is a leading, rural focused NBFC-MFI with a geographically diversified presence in India.

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