Spandana Sphoorty Financial’s board has approved and allotted 402 Secured, Senior, Redeemable, Transferable, Listed, Principal Protected, Market Linked, Rated, Non-Convertible Debentures (NCDs) of face value of Rs 10,00,000 at premium of Rs 3,924 each, on a private placement basis in demat form, in consideration of an aggregate amount of Rs 40.35 crore issued through Placement Memorandum dated September 23, 2022. The Management Committee of the Board of Directors of the Company vide its resolution dated September 23, 2022, has approved and allotted the same.
Spandana Sphoorty Financial is a leading, rural focused NBFC-MFI with a geographically diversified presence in India.
