Committee Meeting Updates

Spandana Sphoorty's Management Committee has approved the private placement of up to 15,000 Listed, Rated, Senior, Secured, Redeemable, Taxable Non-Convertible Debentures (NCDs). The total issue size is ₹150 Crore, including a ₹75 Crore green shoe option.

These NCDs will be listed on BSE Limited, offering an annual interest rate of 11.25% payable monthly.

The principal amount will be repaid quarterly over a 24-month tenure.

This decision allows the company to secure funding through debt instruments, impacting its financial structure.