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Published on 17/06/2022 10:33:13 AM | Source: Accord Fintech

Spandana Sphoorty Financial trades higher on raising Rs 40 crore through NCDs

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Spandana Sphoorty Financial is currently trading at Rs. 312.20, up by 5.15 points or 1.68% from its previous closing of Rs. 307.05 on the BSE.

The scrip opened at Rs. 300.05 and has touched a high and low of Rs. 313.25 and Rs. 300.05 respectively. So far 2079 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 745.00 on 05-Jul-2021 and a 52 week low of Rs. 301.40 on 16-Jun-2022.

Last one week high and low of the scrip stood at Rs. 349.35 and Rs. 300.05 respectively. The current market cap of the company is Rs. 2211.07 crore.

The promoters holding in the company stood at 62.62%, while Institutions and Non-Institutions held 16.41% and 20.97% respectively.

Spandana Sphoorty Financial has raised Rs 40 crore through Rated, Unsubordinated, Secured, Transferable, Redeemable, Unlisted Non-Convertible Debentures (NCDs) and allotted 400 NCDs having face value of Rs 10 lakh each, at par, on a private placement basis in demat form. The Board of Directors of the Company at its meeting held on June 16, 2022, has approved and allotted the same.

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