The Committee of Board of Directors of Spandana Sphoorty Financial on 13 July 2021 has approved the issuance of:
a) up to 3,000 Senior, Rated, Listed, Secured, Redeemable, Principal Protected Market Linked, Non-Convertible Debentures having face value of Rs 1 lakh each up to Rs 30 crore with green shoe option of up to 3,000 Senior, Rated, Listed, Secured, Redeemable, Principal Protected Market Linked, Non-Convertible Debentures having face value of Rs.1 lakh each up to Rs 30 crore aggregating up to Rs 60 crore;
b) up to 7,500 Senior, Rated, Listed, Secured, Redeemable, Principal Protected Market Linked, Non-Convertible Debentures having face value of Rs 1 lakh each up to Rs 75 crore with green shoe option of up to 5,000 Senior, Rated, Listed, Secured, Redeemable, Principal Protected Market Linked, Non-Convertible Debentures having face value of Rs 1 lakh each, up to Rs 50 crore, aggregating up to Rs 125 crore;
c) up to 300 Rated, Unsubordinated, Listed, Secured, Transferable, Redeemable Non-Convertible Debentures having face value of Rs.10 lakh each, up to Rs.30 crore on private placement basis.
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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
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