Spandana Sphoorty raises Rs100 crore through NCDs; Stock rises

9 Dec 2022 , 09:16 AM

Spandana Sphoorty Financial Ltd has announced to the exchanges regarding allotment of non-convertible debentures on private placement basis.

The Management Committee of the Board of Directors of the Company has approved and allotted 1,000 (One Thousand) Senior, Secured, Rated, Listed, Redeemable, Non-Convertible Debentures having face value of Rs10,00,000/- (Rupees Ten Lakh only) each, at par, on a private placement basis in demat form, for consideration of an aggregate amount of Rs100,00,00,000/- (Rupees One Hundred Crores only) issued through Disclosure Document dated December 07, 2022.

On Friday, at around 9:17 AM, Spandana Sphoorty Financial Ltd is currently trading at Rs591.05 per share up by Rs4.85 or 0.83% from its previous closing of Rs586.20 per share on the BSE.

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