Spandana Sphoorty Financial Limited approves issue of 12,000 NCDs

The Management Committee of the Board of Directors of Spandana Sphoorty Financial Limited at their meeting held on Wednesday, February 24, 2021 has, pursuant to the authority entrusted by the resolution of Board of Directors dated June 14, 2018 and within the limits as approved by the Members of the Company vide Special Resolution passed through Postal Ballot on July 17, 2020 on Private Placement basis, in accordance with the provisions of Sections 42 and 71 of the Companies Act, 2013 and the applicable provisions of Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008 ("SEBI ILDS Regulations"), approved the issuance of up to 12,000 (Twelve Thousand) Secured, Rated, Listed, Redeemable, Transferable Non-convertible Debentures having face value of Rs. 1,00,000/- (Rupees One Lakh only) each, aggregating up to Rs.120,00,00,000/- (Rupees One Hundred and Twenty Crores only).

Source : Equity Bulls

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