Board approves ₹500 crore NCD issuance via private placement

Board & Shareholder Meetings View source PDF

SPANDANA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+4.0%1-day move

₹221.50

prior close

₹222.80

base price

After-mkt

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AI summary

Spandana Sphoorty's Management Committee on April 20, 2026 approved issuance of up to 5,00,000 secured, listed, rated, redeemable NCDs via private placement. Total size: ₹500 crore (including ₹200 crore green shoe option), face value ₹10,000 each. Coupon: 11.25% p.a. payable monthly. Tenure: 729 days, with allotment on April 28, 2026 and maturity on April 26, 2028. To be listed on BSE.

Likely market impact

Raises up to ₹500 cr at 11.25% for ~2 years; secured borrowing with no equity dilution, will increase interest costs.