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.