Spandana Sphoorty Financial Limited has successfully raised Rs 30 crore through the issuance of Senior, Secured, Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs) in a private placement.
Hyderabad, India: Spandana Sphoorty Financial Limited, a leading name in the financial sector, took a substantial step towards bolstering its financial resources by securing Rs 30 crore through the issuance of NCDs. This strategic decision was made during the Management Committee meeting of the Board of Directors held on Monday, September 25, 2023.
What are NCDs?
Non-Convertible Debentures (NCDs) are a form of financial instruments often used by companies to raise capital. These NCDs are secured, rated, listed, and redeemable, making them an attractive investment option for investors seeking stability and returns.
About Spandana Sphoorty:
Spandana Sphoorty Financial Limited offers a range of loan products designed for individuals who typically face challenges accessing credit through conventional and formal financial institutions. The company’s primary goal is to support income-generating initiatives that empower customers to build sustainable livelihoods and enhance their overall quality of life.
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