Spandana Sphoorty Financial jumps on getting nod to raise Rs 100 crore via NCD
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Spandana Sphoorty Financial is currently trading at Rs. 562.00, up by 12.00 points or 2.18% from its previous closing of Rs. 550.00 on the BSE.
The scrip opened at Rs. 556.00 and has touched a high and low of Rs. 568.60 and Rs. 552.50 respectively. So far 1175 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 650.00 on 19-Sep-2022 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. 577.90 and Rs. 537.45 respectively. The current market cap of the company is Rs. 3989.26 crore.
The promoters holding in the company stood at 63.03%, while Institutions and Non-Institutions held 21.54% and 15.43% respectively.
Spandana Sphoorty Financial has received approval to raise up to Rs 100 crore by issuing 500 Senior, Secured, Rated, Listed, Redeemable, NonConvertible Debentures having face value of Rs 10 lakh each aggregating upto Rs 50 crore with a green shoe option of up-to 500 in the form of Senior, Secured, Rated, Listed, Redeemable, Non-Convertible Debentures of face value of Rs 10 lakh each on private placement basis. The Management Committee of the Board of Directors of the company at its meeting held on December 2, 2022 has approved the same.
Spandana Sphoorty Financial is a leading, rural focused NBFC-MFI with a geographically diversified presence in India.
