09 Aug 2024

Spandana Sphoorty Financial Raises Rs 54.99 Crore via NCDs

Spandana Sphoorty Financial's stock is currently trading at Rs. 603.65, marking an increase of 8.45 points or 1.42% from its previous close of Rs. 595.20 on the BSE.

The stock opened at Rs. 613.90, hitting an intraday high and low of Rs. 613.90 and Rs. 602.40, respectively. A total of 1693 shares have been traded so far.

This BSE group 'A' stock, with a face value of Rs. 10, reached a 52-week high of Rs. 1243.10 on January 12, 2024, and a 52-week low of Rs. 591.50 on August 7, 2024. Over the past week, the stock's high and low stood at Rs. 646.00 and Rs. 591.50, respectively. The company currently has a market capitalization of Rs. 4244.08 crore.

The company's promoter holding stands at 56.85%, with institutional and non-institutional holdings at 31.80% and 11.35%, respectively.

Spandana Sphoorty Financial has successfully raised Rs. 54.99 crore through the issuance of 5,000 Listed, Rated, Senior, Secured, Transferable, Redeemable, Non-Convertible Debentures (NCDs). Each debenture, with a face value of Rs. 1,00,000, was issued at a premium of Rs. 9,984.25 per debenture on a private placement basis. The Management Committee of the Board of Directors approved this allotment on August 8, 2024.

Spandana Sphoorty Financial is a prominent non-banking financial company focusing on rural areas with a broad geographical presence across India.