Spandana Sphoorty allots debt securities aggregating Rs30cr on private placement

Tenure of the instrument is 13 months where date of maturity is August 30, 2022.

Aug 04, 2021 01:08 IST India Infoline News Service

Spandana Sphoorty Financial Ltd has informed that the Management Committee of the Board of Directors of the Company on August 03, 2021 has approved and allotted 300 (Three Hundred) Secured, Rated, Listed, Redeemable, Transferable, Non-convertible Debentures having face value of Rs. 10,00,000/- (Rupees Ten Lakh only) each, at par, on a private placement basis in demat form, in consideration of an aggregate amount of Rs. 30,00,00,000/- (Thirty Crore Only) issued through Disclosure Document dated August 02, 2021.

Tenure of the instrument is 13 months where date of maturity is August 30, 2022.

Interest rate payment is 10.50% and Trustee to the issue is Catalyst Trusteeship Limited.

The current market cap of the company is Rs4,161.85cr.
At around 1:15 PM, Spandana Sphoorty Financial was trading at Rs634.40 per piece down by Rs12.7 or 1.96% on the BSE.

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