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Published on 12/09/2022 2:22:35 PM | Source: Accord Fintech

Spandana Sphoorty Financial jumps on raising Rs 60 crore through NCDs

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Spandana Sphoorty Financial is currently trading at Rs. 603.00, up by 3.15 points or 0.53% from its previous closing of Rs. 599.85 on the BSE.

The scrip opened at Rs. 603.65 and has touched a high and low of Rs. 614.70 and Rs. 596.40 respectively. So far 16966 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. 625.85 and Rs. 565.05 respectively. The current market cap of the company is Rs. 4255.44 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 has raised Rs 60 crore through Secured, Rated, Listed, Redeemable, Transferable, Principal Protected, Market Linked (PP-MLD) Non- Convertible Debentures (NCDs) and allotted 600 NCDs at par, on a private placement basis. Date of maturity of said NCDs will be March 09, 2024.

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