Spandana Sphoorty Financial Limited announced that the Management Committee of the Board of Directors of the Company at its meeting held on April 4, 2023 has inter-alia considered and approved the issuance of Senior, Secured, Rated, Listed, Redeemable, Non-Convertible Debentures up to INR 250,000,000 on a private placement basis. Instrument Details: Senior, Secured, Rated, Listed, Redeemable, Non-Convertible Debentures; Size of the Issue: 250,000,000; Tenure of the instrument: 37 months 15 days from deemed date of allotment; Date of allotment: April 10, 2023; Date of maturity: May 25, 2026; Interest rate payment: 10.25% per annum; Security of Issue: Secured.
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- Spandana Sphoorty Financial Limited Approves the Issuance of Senior, Secured, Rated, Listed, Redeemable, Non-Convertible Debentures Up to INR 250,000,000 on Private Placement Basis