Spandana Sphoorty Financial has raised Rs 70 crore through allotment of 7,000 Secured, Rated, Listed, Unsubordinated, Redeemable, Transferable Non-Convertible Debentures having face value of Rs 1 lakh each at par, on a private placement basis. The Management Committee of the Board of Directors of the Company vide its resolution dated March 07, 2024 has approved and allotted the same.
Spandana Sphoorty Financial is a leading, rural focused NBFC-MFI with a geographically diversified presence in India.