Spandana Sphoorty Financial board approves issue of NCDs for Rs60 crore

8 Sep 2022 , 09:16 AM

The Management Committee of the Board of Directors of Spandana Sphoorty Financial Limited at its meeting held on Wednesday, September 07, 2022 has considered and approved the fund raising proposal.

As per the filing, the Board of Directors appoved the issuance of 400 (Four Hundred) Secured, Senior, Redeemable, Transferable, Listed, Principal Protected, Market Linked, Rated, Non-Convertible Debentures of face value of Rs. 10,00,000/- (Rupees Ten Lakhs only) each, aggregating up to Rs. 40,00,00,000/- (Rupees Forty Crores only) on a private placement basis with a green shoe option up to Rs20,00,00,000/- (Rupees Twenty Crores only) in the form of Secured, Senior, Redeemable, Transferable, Listed, Principal Protected, Market Linked, Rated, Non-Convertible Debentures of face value of Rs10,00,000/- (Rupees Ten Lakh only) each on private placement basis.

The meeting commenced at 09:30 am and concluded at 10:15 a.m. on Wednesday.

On Thursday early morning trade, Spandana Sphoorty was trading at Rs574.55 per share lower by 3.90% on the BSE.

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