Mid Cap NBFC Co Approves NCD Issue Up To Rs 125 Crore, Stock Soars 92% In 1-Yr

Board of directors of mid cap company operating in NBFC Sector, Spandana Sphoorty Financial Ltd have given their approval to issuance of listed, senior, secured, rated, redeemable non-convertible debentures (NCDs) up to Rs 125 crore on a private placement basis. Last trading price of Spandana Sphoorty Financial share is Rs 695.05 per share as of June 9, 2023 on BSE. Spandana Sphoorty shares delivered return of 92% to investors in last 1-year. Check details below:

Spandana Sphoorty Board Okays NCD Issue Upto Rs 125 Crore: According to the BSE filing of Spandana Sphoorty Financial, "In furtherance to our above referred letter and pursuant to the applicable provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that the Management Committee of the Board of Directors of the Company at its meeting held on Saturday, June 10, 2023 has inter-alia considered and approved the issuance of Listed, Senior, Secured, Rated, Redeemable Non-Convertible Debentures up to Rs.125,00,00,000/- (Rupees One Hundred and Twenty-Five Crores only) on a private placement basis."

Spandana Sphoorty Stock Performance: Last trading price of Spandana Sphoorty stock is Rs 695.05 apiece with intraday jump of 0.14%. Its 52-week high price is Rs 750.95 per share and 52-week low price is Rs 288.75 per share, respectively. Its market capitalisation is Rs 4,934.40 crore.

Spandana Sphoorty Return: It rallied 9% in last 2-weeks and 8% in last 1-month. The stock surged 24% in last 3-years, gave 20% return YTD, 17% return in last 6-months, and 25% return in last 3-years.

Spandana Sphoorty About: It offers a portfolio of loan products to customers who often lack smooth and easy access to credit from the organized and formal financial services sector. It emphasizes on promoting income generation activities to foster sustainable livelihoods and facilitate improved quality of living for its customers. It came into existence in 2003.