Spandana Sphoorty Financial soars on raising Rs 75 crore through NCDs
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Spandana Sphoorty Financial is currently trading at Rs. 803.00, up by 8.40 points or 1.06% from its previous closing of Rs. 794.60 on the BSE.
The scrip opened at Rs. 816.95 and has touched a high and low of Rs. 816.95 and Rs. 790.95 respectively. So far 5371 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. 838.40 and Rs. 790.95 respectively. The current market cap of the company is Rs. 5654.36 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 75 crore through the allotment of 7,500 Senior, Secured, Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs) having face value of Rs 1,00,000 each at par including a green shoe option of up-to 3,500 Senior, Secured, Rated, Listed, Redeemable, NCDs. The Management Committee of the Board of Directors of the Company vide its resolution dated October 06, 2023, has approved and allotted the same.
Spandana Sphoorty Financial is a leading, rural focused NBFC-MFI with a geographically diversified presence in India.
