Spandana Sphoorty Financial Limited has informed the Exchange regarding allotment of 485000 securities pursuant to Non Convertible Securities
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Spandana Sphoorty Financial Limited has allotted 4,85,000 Listed, Rated, Senior, Secured, Redeemable, Non-Convertible Debentures via private placement. Each debenture has a face value of ₹10,000, bringing the total issuance size to ₹485 crore. The allotment was approved by the Management Committee of the Board on April 28, 2026. The NCDs are listed on BSE and NSE with scrip codes 542759 and 890221. No details on coupon rate or use of proceeds were disclosed in this filing.
The ₹485 crore NCD issuance strengthens the company's borrowing base, which is typical for NBFCs like Spandana Sphoorty to fund their microfinance lending operations. However, without yield details, investors cannot assess the cost of this debt.