HOME > MARKETS > COMPANY NEWS
  COMPANY NEWS
COMPANY
Spandana Sphoorty Financial raises Rs 50 crore through NCDs
Nov-28-2020

Spandana Sphoorty Financial’s board has approved and allotted 500 Rated, Listed, Senior, Secured, Transferable, Taxable, Redeemable, Non-Convertible Debentures (NCDs) of face value of Rs 10 lakh each Tranche 1 NCDs, at par, on a private placement basis to Incred Capital Inclusion Advisory Services and Incred Financial Services, in demat form, in consideration of an aggregate amount of Rs 50 crore issued under the Shelf Information Memorandum and Supplemental Information Memorandum dated November 26, 2020. The Management Committee of the Board of Directors of the company at its meeting held on November 27, 2020 has approved and allotted the same.    

Spandana Sphoorty Financial is a leading, rural focused NBFC-MFI with a geographically diversified presence in India.

  RELATED NEWS >>