Spandana Sphoorty Financial has raised Rs 250 crore through allotment of 25,000 Secured, Senior, Redeemable, Listed, Rated Non-Convertible Debentures (NCDs) having face value of Rs 1,00,000 per debenture, on private placement basis.
Spandana Sphoorty Financial is a leading, rural focused NBFC-MFI with a geographically diversified presence in India. It offers income generation loans under the joint liability group model, predominantly to women from low-income households in Rural Areas.