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Published on 2/08/2022 3:44:37 PM | Source: Accord Fintech

Spandana Sphoorty Financial inches up on raising Rs 23 crore through NCDs

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Spandana Sphoorty Financial is currently trading at Rs. 424.30, up by 0.20 points or 0.05 % from its previous closing of Rs. 424.10 on the BSE.

The scrip opened at Rs. 426.50 and has touched a high and low of Rs. 427.05 and Rs. 420.00 respectively. So far 1809 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 675.55 on 16-Sep-2021 and a 52 week low of Rs. 288.75 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 451.85 and Rs. 409.20 respectively. The current market cap of the company is Rs. 3010.29 crore.

The promoters holding in the company stood at 63.59%, while Institutions and Non-Institutions held 16.77% and 19.63% respectively.

Spandana Sphoorty Financial’s board has approved and allotted 230 Secured, Rated, Listed, Redeemable, Transferable, Non-convertible Debentures (NCDs) having face value of Rs 10 lakh each, at par, on a private placement basis in demat form, in consideration of an aggregate amount of Rs 23 crore issued through Disclosure Document dated August 01, 2022. The Management Committee of the Board of Directors of the Company vide its resolution dated August 01, 2022, has approved and allotted the same.

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