Spandana Sphoorty Financial Approves Issuance of Up to ₹500 Crore in NCDs
Spandana Sphoorty Financial Ltd announced that its Management Committee of the Board of Directors approved the issuance of up to 5,00,000 Non-Convertible Debentures (NCDs). The approval was granted during the committee meeting held on Monday, April 20, 2026.The company plans to raise funds through a private placement of Listed, Rated, Senior, Secured, Redeemable, Taxable, Non-Convertible Debentures. Each debenture has a face value of ₹10,000. The total issue size approved is up to ₹ 500,00,00,000 (Rupees five hundred crore only), which includes a green shoe option of 2,00,000 NCDs, amounting to ₹ 200,00,00,000 (Rupees two hundred crore only).Key financial...