Spandana Sphoorty Financial’s board has approved and allotted 230 Secured, Rated, Listed, Redeemable, Transferable, Non-convertible Debentures (NCDs) having face value of Rs 10 lakh each, at par, on a private placement basis in demat form, in consideration of an aggregate amount of Rs 23 crore issued through Disclosure Document dated August 01, 2022. The Management Committee of the Board of Directors of the Company vide its resolution dated August 01, 2022, has approved and allotted the same.
Spandana Sphoorty Financial is a leading, rural focused NBFC-MFI with a geographically diversified presence in India.