Spandana Sphoorty Financial has received approval to raise up to Rs 100 crore by issuing 500 Senior, Secured, Rated, Listed, Redeemable, NonConvertible Debentures having face value of Rs 10 lakh each aggregating upto Rs 50 crore with a green shoe option of up-to 500 in the form of Senior, Secured, Rated, Listed, Redeemable, 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 December 2, 2022 has approved the same.
Spandana Sphoorty Financial is a leading, rural focused NBFC-MFI with a geographically diversified presence in India.
