Spandana Sphoorty Financial Limited raises Rs. 100 crore through NCD issue

The Management Committee of the Board of Directors of Spandana Sphoorty Financial Limited at its meeting held today i.e., November 24, 2020 has approved and allotted 10,000 (Ten Thousand) Secured, Rated, Listed, Redeemable, Transferable, Taxable, Principal Protected Market Linked Non-Convertible Debentures of face value of Rs.1,00,000/- (Rupees One Lakh only) each, at par, on a private placement basis to IIFL Income Opportunities Fund Series 2 (the "Allottee"), in demat form, in consideration of an aggregate amount of Rs.100,00,00,000/- (Rupees One Hundred Crore only) issued under the Information Memorandum dated November 24, 2020.

The tenure of the instrument is 36 Months.

Source : Equity Bulls

Keywords