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Spandana Sphoorty Financial trades higher on raising Rs 100 crore through NCDs

Sep-08-2023   12:03 Hrs IST

Spandana Sphoorty Financial is currently trading at Rs. 795.95, up by 10.45 points or 1.33 % from its previous closing of Rs. 785.50 on the BSE.

The scrip opened at Rs. 788.10 and has touched a high and low of Rs. 798.45 and Rs. 786.50 respectively. So far 4979 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 863.00 on 31-Jul-2023 and a 52 week low of Rs. 478.85 on 28-Mar-2023.

Last one week high and low of the scrip stood at Rs. 842.70 and Rs. 780.20 respectively. The current market cap of the company is Rs. 5652.40 crore.

The promoters holding in the company stood at 62.41%, while Institutions and Non-Institutions held 29.68% and 7.91% respectively.

Spandana Sphoorty Financial has raised Rs 100 crore through the allotment of 10,000 Listed, Rated, Senior, Secured, Transferable, Redeemable, Non-Convertible Debentures (NCDs) having face value of Rs 1,00,000 each, at par, issued through Disclosure Document dated September 06, 2023. The Management Committee of the Board of Directors of the Company vide its resolution dated September 7, 2023, has approved and allotted the same.  

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