Spandana Sphoorty Financial raises Rs100 crore; Stock soars 1.5%

5 Dec 2022 , 09:16 AM

Spandana Sphoorty Financial Ltd has informed to the exchanges regarding outcome of the Management Committee of the Board of Directors Meeting held on December 02, 2022.

The Management Committee of the Board of Directors has considered and approved the issuance of 500 (Five Hundred) Senior, Secured, Rated, Listed, Redeemable, Non-Convertible Debentures having face value of Rs10,00,000/- (Rupees Ten Lakh only) each aggregating upto Rs50,00,00,000/- (Rupees Fifty Crores only) with a green shoe option of up-to 500 (Five Hundred) Senior, Secured, Rated, Listed, Redeemable, Non-Convertible Debentures having face value of Rs10,00,000/- (Rupees Ten Lakh only) each aggregating upto Rs100,00,00,000/- (Rupees One Hundred Cores only) on private placement basis.

At around 9:17 AM, Spandana Sphoorty Financial Ltd was trading at Rs557.95 per share higher by 1.45% on the BSE.

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