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Spandana Sphoorty Financial jumps on getting nod to invest upto Rs 50 crore in CFHL

12 Mar 2021 Evaluate

Spandana Sphoorty Financial is currently trading at Rs. 625.05, up by 8.55 points or 1.39% from its previous closing of Rs. 616.50 on the BSE.

The scrip opened at Rs. 639.00 and has touched a high and low of Rs. 639.00 and Rs. 624.40 respectively. So far 635 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1020.10 on 11-Mar-2020 and a 52 week low of Rs. 403.50 on 24-Apr-2020.

Last one week high and low of the scrip stood at Rs. 639.00 and Rs. 605.80 respectively. The current market cap of the company is Rs. 4023.58 crore.

The promoters holding in the company stood at 62.36%, while Institutions and Non-Institutions held 15.18% and 22.46% respectively.

Spandana Sphoorty Financial has received approval for investment of upto Rs 50 crore in the equity share capital of Criss Financial Holdings (CFHL), a Subsidiary of the Company in one or more tranches. The objective of investment is business expansion of the subsidiary company.

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

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