Spandana Sphoorty Financial Ltd announced the exchanges regarding the allotment of non-convertible debentures on a private placement basis (PPB).

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The Management Committee of BOD has approved and allotted 1,000 Senior, Rated, Secured, Listed, Non-Convertible Debentures, Redeemable having face value of Rs 10 lakh each at par, on PPB in Demat form, for consideration of an aggregate amount of Rs 100 crore issued through Disclosure Document dated December 7, 2022.

On December 9, Spandana Sphoorty Financial Ltd traded at Rs 591.05 per share, up by Rs 4.85 or 0.83% from its previous closing of Rs 586.20 per share on the Bombay Stock Exchange (BSE).