Spandana Sphoorty Financial has received an approval for the issuance of up-to 5,000 Unsubordinated, Listed, Secured, Transferable, Redeemable Non-Convertible Debentures (NCDs) having face value of Rs 1,00,000 each at par on private placement basis.
The Management Committee of the Board of Directors of the Company at its meeting held on August 27, 2024, considered and approved the same. The size of the issue is Rs 50 crore. The date of allotment is September 05, 2024, while maturity on April 15, 2027.
Spandana Sphoorty Financial is a leading, rural focused NBFC-MFI with a geographically diversified presence in India.
