Spandana Sphoorty Financial's Management Committee approved issuing up to 5 lakh Listed, Rated, Senior, Secured, Redeemable, Taxable, Non-Convertible Debentures (NCDs) via private placement.

Spandana Sphoorty Financial LimitedSPANDANA · Filed with the exchange

The total issue size is ₹500 crore, including a ₹200 crore green shoe option, with each NCD having a face value of ₹10,000. These NCDs offer an 11.25% annual interest, payable monthly over a 729-day tenure, and will be listed on BSE.

This strategic move aims to strengthen the company's funding base for its financial operations.

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Spandana Sphoorty Financial's Management Committee approved issuing up to 5 lakh Listed, Rated, Senior, Secured, Redeemable, Taxable, Non-Convertible Debentures (NCDs) via private placement.

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