Spandana Sphoorty Financial has received approval from board of directors for raising of funds by way of further issue of securities through private offerings and/or qualified institutions placement or other permissible mode under the applicable laws and/ or any combination thereof, in one or more tranches, for an aggregate amount not exceeding Rs 300 crore, subject to applicable laws, and necessary Members of the Company/Regulatory approvals, as applicable. The Board of Directors at its meeting held on January 10, 2022 has approved the same.
Spandana Sphoorty Financial is a leading, rural focused NBFC-MFI with a geographically diversified presence in India.
