Spandana Sphoorty Financial has raised Rs 50 crore through allotment of 5000 Senior, Secured, Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs) having face value of Rs 1,00,000 on a private placement basis in demat form. The Management Committee of the Board of Directors of the Company vide its resolution dated August 24, 2023, has approved and allotted the same.
Spandana Sphoorty Financial is a leading, rural focused NBFC-MFI with a geographically diversified presence in India.