The company will issue listed, secured, senior, redeemable, transferable, rated non-convertible debentures up to Rs 100 crore including green shoe option of Rs 50 crore on private placement basis.
Tenure of the instrument is 24 month from deemed date of allotment and the interest rate is 10% per annum.
Spandana Sphoorty Financial is a rural-focused non-banking financial company and a microfinance lender (NBFC-MFI) with a geographically diversified presence in India
The NBFC's consolidated net profit jumped 48% to Rs 105.57 crore in Q4 FY23 as compared with Rs 71.36 crore in Q3 FY23. Total income stood at Rs 533 crore in Q4 FY23, registering the growth of 42% as against Rs 375 crore posted in Q3 FY23.
The scrip rose 0.55% to Rs 693.50 on the BSE. The counter hit 52 week high of Rs 750.95 in intraday today.
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