Committee Meeting Updates

Spandana Sphoorty Financial's Management Committee has approved raising capital through a private placement of up to 40,000 Secured, Senior, Redeemable Non-Convertible Debentures (NCDs). Each NCD has a face value of ₹1 lakh.

The total issue size is ₹400 Cr, which includes a ₹100 Cr green shoe option.

These debentures offer an 11.00% annual interest, payable monthly, over a tenure of approximately 30 months.

They will be listed on BSE and are redeemable at a premium, aiming to strengthen the company's funding profile.