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 terms associated with the debentures include a coupon rate of 11.25% per annum, payable monthly.
The debentures will be secured and are redeemable at par. The tenure of the instrument is set for 729 days from the deemed date of allotment. The allotment date is set as April 28, 2026, and the maturity date is April 26, 2028.
Payment schedules for interest and principal are detailed as follows:
- Interest Payment: Payable monthly on the 26th of each month, beginning with the first payment date of May 26, 2026, and continuing until April 26, 2028.
- Principal Payment: Payable half yearly on the 26th of the respective month, commencing with the first payment date of October 26, 2026, and continuing until April 26, 2028.
The details of the proposed NCD issuance are summarized below:
| Particulars | Details |
|---|---|
| Type of Securities | Listed, Rated, Senior, Secured, Redeemable, Taxable, Non-Convertible Debentures |
| Type of Issuance | Private placement |
| Total Number of Securities | Up to 5,00,000 NCDs (including green shoe option of 2,00,000 NCDs) |
| Size of the Issue | ₹ 500,00,00,000/- (including green shoe option of ₹ 200,00,00,000/-) |
| Listing Status | To be listed on BSE Limited |
| Tenure of the Instrument | 729 days from the deemed date of allotment |
| Date of Allotment | April 28, 2026 |
| Date of Maturity | April 26, 2028 |
| Coupon/Interest Offered | 11.25 %p.a. payable monthly |
| Security Created | Secured |
| Redemption Details | Redeemable at par |
SPANDANA Stock Price Movement
Shares of Spandana Sphoorty Financial Limited today slipped by 2.09% to settle at ₹220.94. The stock saw trading volume of 261,094 shares, dropping ₹4.73 from its previous close.Source:
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