Spandana Sphoorty Financial trades higher on raising Rs 202.22 crore through NCDs
Spandana Sphoorty Financial is currently trading at Rs. 619.90, up by 8.20 points or 1.34% from its previous closing of Rs. 611.70 on the BSE.
The scrip opened at Rs. 619.35 and has touched a high and low of Rs. 623.00 and Rs. 615.85 respectively. So far 694 shares were traded on the counter.
The BSE group 'B' 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. 642.00 and Rs. 604.00 respectively. The current market cap of the company is Rs. 4411.26 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 raised Rs 202.22 crore through allotment of 2,000 Secured, Senior, Redeemable, Transferable, Listed, Principle-Protected Market Linked Non-Convertible Debentures (NCDs) having face value of Rs 10,00,000 each, at a premium of Rs 11,143 each, on a private placement basis in demat form.
Spandana Sphoorty Financial is a leading, rural focused NBFC-MFI with a geographically diversified presence in India.