Spandana Sphoorty Financial has raised Rs 100 crore through NCDs and allotted 10,000 Secured, Rated, Listed, Redeemable, Transferable, Taxable, Principal Protected Market Linked Non-Convertible Debentures (NCDs) of face value of Rs 1,00,000 each, at par, on a private placement basis to IIFL Income Opportunities Fund Series 2, in demat form. The Management Committee of the Board of Directors of the company at its meeting held on November 24, 2020 has approved and allotted the same.
Spandana Sphoorty Financial is a leading, rural focused NBFC-MFI with a geographically diversified presence in India.
