Spandana Sphoorty Financial has raised Rs 25 crore through allotment of 2500 Senior, Secured, Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs) having face value of Rs 1 lakh each, at par each, on a private placement basis. The Management Committee of the Board of Directors of the Company vide its resolution dated April 10, 2023, has approved and allotted the same.
Spandana Sphoorty Financial is a leading, rural focused NBFC-MFI with a geographically diversified presence in India.