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
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 ( Market Commentary - Mid-Session 24-Sep-24   14:35 )
  Spandana Sphoorty Financial reports consolidated net loss of Rs 360.23 crore in the June 2025 quarter
 ( Results - Announcements 15-Aug-25   09:26 )
  Spandana Sphoorty Financial reports consolidated net loss of Rs 249.13 crore in the September 2025 quarter
 ( Results - Announcements 31-Oct-25   17:33 )
  Spandana Sphoorty gains after board OKs to sale of stressed loan pool to an ARC
 ( Hot Pursuit - 24-Sep-24   12:33 )
  Spandana Sphoorty Financial Ltd leads losers in 'A' group
 ( Hot Pursuit - 29-Jul-24   15:00 )
  Spandana Sphoorty declines after Crisil Ratings downgrades ratings to 'BBB+'
 ( Hot Pursuit - 02-Jul-25   12:26 )
  ICRA revises outlook on credit ratings of Spandana Sphoorty to 'positive'
 ( Hot Pursuit - 17-Jan-24   11:31 )
  Spandana Sphoorty Financial receives ratings action from ICRA
 ( Corporate News - 16-Jan-24   19:14 )
  Spandana Sphoorty Financial to raise Rs 100 cr via NCD issuance
 ( Corporate News - 16-Jan-24   19:19 )
  Spandana Sphoorty Financial standalone net profit rises 536.07% in the March 2023 quarter
 ( Results - Announcements 02-May-23   18:00 )
  Spandana Sphoorty Financial to declare Quarterly Result
 ( Corporate News - 18-Jun-24   10:43 )
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