Spandana Sphoorty Financial soars on getting nod to raise Rs 50 crore via NCDs
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Spandana Sphoorty Financial is currently trading at Rs. 625.90, up by 4.60 points or 0.74% from its previous closing of Rs. 621.30 on the BSE.
The scrip opened at Rs. 632.95 and has touched a high and low of Rs. 635.45 and Rs. 622.95 respectively. So far 19673 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1243.10 on 12-Jan-2024 and a 52 week low of Rs. 586.10 on 14-Aug-2024.
Last one week high and low of the scrip stood at Rs. 635.45 and Rs. 608.00 respectively. The current market cap of the company is Rs. 4458.71 crore.
The promoters holding in the company stood at 56.85%, while Institutions and Non-Institutions held 31.80% and 11.35% respectively.
Spandana Sphoorty Financial has received an approval for the issuance of up-to 5,000 Unsubordinated, Listed, Secured, Transferable, Redeemable Non-Convertible Debentures (NCDs) having face value of Rs 1,00,000 each at par on private placement basis.
The Management Committee of the Board of Directors of the Company at its meeting held on August 27, 2024, considered and approved the same. The size of the issue is Rs 50 crore. The date of allotment is September 05, 2024, while maturity on April 15, 2027.
Spandana Sphoorty Financial is a leading, rural focused NBFC-MFI with a geographically diversified presence in India.
