Hot Pursuit     21-Sep-23
Spandana Sphoorty board to mull NCD issue on Sept 25
The microfinance lender announced that its board will meet on Monday, 25 September 2023 to consider raising of funds through issuance of non-convertible debentures (NCDs), on a private placement basis.

The announcement was made after market hours yesterday.

Spandana Sphoorty Financial is a rural-focused non-banking financial company and a microfinance lender (NBFC-MFI) with a geographically diversified presence in India.

The company reported consolidated net profit of Rs 119.45 crore in Q1 FY24 as against net loss of Rs 219.77 crore in Q1 FY23. Total income jumped 103.7% YoY to Rs 527.29 crore in the quarter ended 30 June 2023.

Shares of Spandana Sphoorty Financial slipped 2.03% to Rs 764.15 on the BSE.

Previous News
  Spandana Sphoorty Financial announces board meeting date
 ( Corporate News - 06-Feb-24   15:45 )
  Spandana Sphoorty Financial consolidated net profit rises 78.49% in the December 2023 quarter
 ( Results - Announcements 22-Jan-24   17:13 )
  ICRA revises outlook on credit ratings of Spandana Sphoorty to 'positive'
 ( Hot Pursuit - 17-Jan-24   11:31 )
  Spandana Sphoorty Financial to raise Rs 100 cr via NCD issuance
 ( Corporate News - 16-Jan-24   19:19 )
  Spandana Sphoorty Financial receives ratings action from ICRA
 ( Corporate News - 16-Jan-24   19:14 )
  Spandana Sphoorty Financial to conduct board meeting
 ( Corporate News - 12-Jan-24   12:33 )
  Spandana Sphoorty Financial to convene board meeting
 ( Corporate News - 10-Jan-24   10:15 )
  Spandana Sphoorty Financial allots 21,280 equity shares under ESOP
 ( Corporate News - 28-Dec-23   16:25 )
  Spandana Sphoorty Financial allots NCDs aggregating Rs 100 cr
 ( Corporate News - 18-Dec-23   13:37 )
  Spandana Sphoorty Financial approves NCD issuance up to Rs 200 cr
 ( Corporate News - 13-Dec-23   11:44 )
  Spandana Sphoorty Financial allots 41,220 equity shares under ESOS
 ( Corporate News - 09-Dec-23   12:15 )
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