Spandana Sphoorty Financial surges on getting nod to raise Rs 125 crore
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Spandana Sphoorty Financial is currently trading at Rs. 564.90, up by 5.45 points or 0.97% from its previous closing of Rs. 559.45 on the BSE.
The scrip opened at Rs. 557.85 and has touched a high and low of Rs. 566.20 and Rs. 556.15 respectively. So far 725 shares were traded on the counter.
The BSE group 'A' 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. 592.70 and Rs. 556.15 respectively. The current market cap of the company is Rs. 3968.67 crore.
The promoters holding in the company stood at 63.01%, while Institutions and Non-Institutions held 28.49% and 8.50% respectively.
Spandana Sphoorty Financial has received an approval for issue of Senior, Secured, Rated, Listed, Redeemable, Non-Convertible Debentures up to Rs 125 crore on a private placement basis. The Management Committee of the Board of Directors of the Company at its meeting held on March 10, 2023, has considered and approved the issuance of the same.
Spandana Sphoorty Financial is a leading, rural focused NBFC-MFI with a geographically diversified presence in India.
