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The latest update is out from Spandana Sphoorty Financial Ltd. ( (IN:SPANDANA) ).
Spandana Sphoorty Financial Limited announced the approval of issuing up to 40,000 secured, senior, redeemable, transferable, listed, rated non-convertible debentures (NCDs) with a face value of ₹1,00,000 each, including a green shoe option of 10,000 NCDs, on a private placement basis. This strategic move is expected to enhance the company’s capital structure and provide it with additional financial resources to support its growth initiatives, potentially impacting its market positioning and offering new opportunities for stakeholders.
More about Spandana Sphoorty Financial Ltd.
Spandana Sphoorty Financial Limited operates in the financial services industry, focusing primarily on microfinance. The company provides financial products and services aimed at empowering low-income individuals and small businesses, with a strong market presence in India.
Average Trading Volume: 25,733
Technical Sentiment Signal: Sell
Current Market Cap: 22.61B INR
Find detailed analytics on SPANDANA stock on TipRanks’ Stock Analysis page.