Spandana Sphoorty Financial has received approval to raise up to Rs 40 crore by issuing 400 Secured, Senior, Redeemable, Transferable, Listed, Principal Protected, Market Linked, Rated, Non-Convertible Debentures (NCD’s) of face value of Rs 10 lakh each on a private placement basis with a green shoe option up to Rs 20 crore in the form of Secured, Senior, Redeemable, Transferable, Listed, Principal Protected, Market Linked, Rated, Non-Convertible Debentures of face value of Rs 10 lakh each on private placement basis. The Management Committee of the Board of Directors of the company at its meeting held on September 07, 2022 has approved the same.
Spandana Sphoorty Financial is a leading, rural focused NBFC-MFI with a geographically diversified presence in India.
