Spandana Sphoorty Financial has raised Rs 25 crore through Secured, Rated, Listed, Taxable, Transferable Redeemable Non Convertible Debentures (NCDs) and allotted 250, 12.75% NCDs, having the face value of Rs 10,00,000 on a private placement basis.
The Management Committee of the Board of Directors of the Company at its meeting held on September 29, 2020 has approved the allotment of the same.
Spandana Sphoorty Financial is a leading, rural focused NBFC-MFI with a geographically diversified presence in India.
